Bulgarian Parliament Votes to Prolong 9% VAT for Restaurants Until 2024 End

Business | December 13, 2023, Wednesday // 09:39|  views

In a significant decision, Members of Parliament have passed a bill extending the reduced VAT rate of 9% for restaurants until December 31, 2024. The amendment, discussed at its second reading, received 184 affirmative votes, with 7 against and two abstentions. Irena Dimova from GERB-UDF proposed these alterations to the Value Added Tax Act.

Support for the extension came from several parties, including GERB-SDS, WCC-DB, Vazrazhdane, Movement for Rights and Freedoms, BSP for Bulgaria, and a member from TISP. Opposition stemmed from one WCC-DB member and six from TISP, with one each from GERB-SDS and WCC-DB abstaining.

The initial reduction of VAT for eateries was introduced during the COVID-19 pandemic to alleviate the economic strain they faced.

Additionally, MPs prolonged the 9% VAT rate for general tourist services and gyms until June 30, 2024.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Tags: parliament, VAT, restaurants


» Related Articles: