Bulgaria NRA Director Confirms Gambling Tax AgreementBusiness | March 27, 2010, Saturday // 13:28| views
Stefanov concluded that the government's anti-crisis proposal to increase V.A.T from 20% to 22% is also likely to be adopted by the Council. Photo by Sofia Photo Agency
The Executive Director of Bulgaria’s National Revenue Agency (NAP), Krasimir Stefanov, has announced that the Tripartite Cooperation Council has adopted the proposed 10% tax on all gambling.
The Council of employers, unions and government representatives agreed unanimously to adopt the proposal that puts a 10% tax on all winnings from bets, Stefanov stated Saturday. He added that the tax could add BGN 150 M to the budget annually. He added that BGN 600 M could be added to the national budget from NAP before the end of the year.
Stefanov concluded that the government's anti-crisis proposal to increase V.A.T from 20% to 22% is also likely to be adopted by the Council.
Earlier Saturday rightist Blue Coalition co-leader Martin Dimitrov said that his party will not support the V.A.T increase as it will hurt businesses that instead need to receive help during the crisis.
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