- Association of Restaurants in Bulgaria believes that the return of 20 percent VAT for restaurants will harm the budget more than benefit it
- Restaurants paid nearly BGN 200 million more in taxes after VAT was reduced from 20 to 9 percent
- Official data shows that taxes from restaurants and entertainment establishments have increased from BGN 440 million in 2019 to BGN 560 million in 2023
- The gray sector in the industry has decreased from 50 percent in 2019 to 20 percent in 2024
- Declared turnover in the industry has increased from BGN 2.3 billion in 2019 to BGN 5.3 billion in 2023
- Acting Minister of Finance Ludmila Petkova is considering restoring the single rate of value added tax to increase revenue for the 2025 budget.
Source: bta.bg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
