Ruling party MPs pass bill to lower VAT for restaurants by 11% on first reading
Today all GERB MPs, members of the Parliamentary Budget Committee voted in favor of a new bill, championed by PM Boyko Borissov to reduce VAT by a whopping 11 per cent for the whole hospitality industry – restaurants, bars, etc.
Bulgaria has а 20% fixed VAT rate for all goods and services except for hotels, which have a VAT of 9%.
The tourist sector lobbied successfully for a VAT reduction for hotel services back in 2010. At the time Boyko Borissov was PM, also.
Now, the whole hospitality sector asked for a VAT reduction while the sector was in lockdown due to the coronavirus crisis.
PM Boyko Borissov officially supported the idea while his own Finance Minister Vladislav Gouranov spoke sharply against it. The PM dismissed the minister’s criticism, pointing out that he, Borissov, was Gouranov’s boss and not the other way around. And concluding “whoever does not agree – should up and leave.”
Bulgaria has а 20% fixed VAT rate for all goods and services except for hotels, which have a VAT of 9%.
The tourist sector lobbied successfully for a VAT reduction for hotel services back in 2010. At the time Boyko Borissov was PM, also.
Now, the whole hospitality sector asked for a VAT reduction while the sector was in lockdown due to the coronavirus crisis.
PM Boyko Borissov officially supported the idea while his own Finance Minister Vladislav Gouranov spoke sharply against it. The PM dismissed the minister’s criticism, pointing out that he, Borissov, was Gouranov’s boss and not the other way around. And concluding “whoever does not agree – should up and leave.”
Източник: mediapool.bg
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