- Higher VAT will lead to loss of customers and bankruptcies
- Regional structure of BHRA in Veliko Tarnovo opposes the increase in VAT
- Some parties support the VAT increase, while others want it to remain low
- VAT is an indirect tax that affects prices and customer demand
- VAT rates in neighboring countries are lower than in Bulgaria
- Protests against high VAT started before the COVID crisis
- Concerns about businesses moving to the informal sector to lower prices
- Higher prices in the tourism sector may lead to bankruptcies and job losses
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.