Expats

Bulgaria Introduces Flat 9% VAT in Tourism April 2011 [Jan 26, 2011] The ruling majority in Bulgaria's parliament has voted down a proposal for a delay in the introduction of a flat 9% value-added tax (VAT) in the tourism sector. Bulgaria will introduce a flat 9% value-added tax (VAT) in the tourism sector as of the beginning of April this year under amendments that parliament adopted conclusively on Wednesday. The right-wing Blue Coalition had insisted that the ... [via YahooNews] More >>

Bulgaria Rulers, Opposition Clash over Flat VAT in Tourism [Dec 14, 2010] Bulgaria's ruling party has opposed proposals for a delay in the introduction of a flat 9% value-added tax (VAT) in the tourism sector, scheduled for April 1 next year. [via YahooNews] More >>

Bulgaria Rulers, Opposition Clash over Flat VAT in Tourism [Dec 14, 2010] Bulgaria 's ruling party has opposed proposals for a delay in the introduction of a flat 9% value-added tax ( VAT ) in the tourism sector, scheduled for April 1 next year. [via YahooNews] More >>

Bulgaria to Introduce Flat 9% VAT in Tourism April 2011 [Oct 22, 2010] Bulgaria will introduce a flat 9% value-added tax (VAT) in the tourism sector as of the beginning of April next year under amendments that parliament adopted at first reading on Thursday. [via YahooNews] More >>

Bulgaria to Introduce Flat 9% VAT in Tourism April 2011 [Sep 27, 2010] Bulgaria's government will introduce a flat 9% value-added tax (VAT) in the tourism sector, not 14% as initially planned, as of the beginning of April next year, a deputy economy minister has announced. [via YahooNews] More >>

Bulgaria Mulls 9% Unified Tourism VAT [Sep 10, 2010] Bulgaria's government plans the introduction of a 9% unified value-added tax (VAT) in the tourism sector, not 14% as initially planned, the prime minister said on Friday. [via YahooNews] More >>

Bulgaria's Finance Minister Praises Customs and Revenue Agency [Jul 26, 2010] Bulgaria's Finance Minister Simeon Djankov has praised the work of the Customs and the National Revenue Agencies on collecting taxes. Djankov has praised the Customs Agency for its collecting of VAT from alcohol and fuel excise but has also pointed out some sectors that need to be improved. [via YahooNews] More >>

Bulgaria's Neighbors Romania, Greece Up Value-Added Tax [Jul 01, 2010] Bulgarias EU neighbors Romania and Greece are formally increasing their VAT s as of July 1, 2010, as part internationally-sanctioned measures to stabilize their state finances. [via YahooNews] More >>

Bulgaria FinMin: Yes to Tapping into Reserve, No to VAT Hike [May 23, 2010] Bulgarias finance minister has confirmed the government will not raise the 20% flat-rate value added tax (VAT) in a bid to plug a budget gap that has thwarted the new EU member's efforts to join the euro in the near future. [via YahooNews] More >>

Bulgaria Decides on VAT Hike after Series of U-Turns [May 05, 2010] Bulgarias government is expected to decide on Wednesday whether to temporarily raise Bulgaria's 20% flat-rate value added tax (VAT) by up to 4% in a bid to plug a budget gap that has thwarted the new EU member's efforts to join the euro in the near future. [via YahooNews] More >>

Bulgaria FinMin Vows to Resign if VAT Hike Materializes [May 03, 2010] Bulgaria's Finance Minister, Simeon Djankov, assuaged fears of increasing VAT by promising to resign if the tax goes up. Photo by BGNES [via YahooNews] More >>

Bulgaria's Budget Deficit Swells to BGN 1.67 B in Q1 [May 03, 2010] Value-Added Tax (VAT) currently stands at 20% in Bulgaria. File photo Bulgaria's budget deficit increased to BGN 1.67 B in the first three months of 2010 due to a fall in revenues and a rise in spending for social payments, the finance ministry said on Monday. [via YahooNews] More >>

Bulgaria Mulls VAT Increase to Plug Fiscal Gap [May 03, 2010] The government is planning to temporarily raise Bulgaria's 20 percent flat-rate value added tax (VAT) by up to 4 percent in a bid to bridge a budget gap that has thwarted the new EU member's efforts to join the euro in the near future. [via YahooNews] More >>

Bulgarias Economy Minister: Upping VAT Bad Idea [Apr 29, 2010] Bulgarias Economy Minister Traicho Traikov has expressed misgivings about the idea of the Borisov government to increase the value-added tax. The increase of the VAT is not a measure that is implemented in order to stimulate the economy. [via YahooNews] More >>

Rightist Allies Demand Bulgaria PM's Promise against VAT Hike [Apr 28, 2010] Bulgarias right-wing Blue Coalition, which backs the Borisov government, is extremely worried by rumors that the ruling party plant to up the countrys VAT from 20% to 24-25%. [via YahooNews] More >>

Bulgaria Anti-Crisis Package Aims at Raising BGN 1,6 B (Novinite.com) [Mar 30, 2010] Bulgaria is not going to increase the VAT but will introduce a ?luxury tax? in order to generate state revenue, the government, business sector, and trade unions agreed. [via YahooNews] More >>

Bulgaria PM: VAT Increase Is Must (Novinite.com) [Mar 23, 2010] Bulgaria's Prime Minister, Boyko Borisov, stated the 2% increase of the Value Added Tax (VAT) is a must in order to successfully deal with the economic crisis. [via YahooNews] More >>

Bulgaria Plans to Cut VAT to 16% by 2013 (Novinite.com) [Jan 21, 2010] Bulgaria's finance minister has announced that Value-Added Tax (VAT), which currently stands at 20%, could be cut to 16% by the end of the new center-right government in 2013. [via YahooNews] More >>

Bulgaria Plans to Cut VAT to 16% by 2013 (Novinite.com) [Jan 21, 2010] Value-Added Tax (VAT) currently stands at 20% in Bulgaria. File photo Bulgaria's finance minister has announced that Value-Added Tax (VAT), which currently stands at 20%, could be cut to 16% by the end of the new center-right government in 2013. [via YahooNews] More >>

Gradual VAT Reduction Draws Mixed Responses in Bulgaria (Novinite.com) [Jan 12, 2010] A day after Bulgaria's prime minister announced that Value-Added Tax (VAT), which currently stands at 20%, could be cut gradually starting from 2010, experts have voiced cautious forecasts. [via YahooNews] More >>