Saturday, 21 January 2012 20:15 | Author: Administrator |
Bulgaria introduced a flat 9% value-added tax (VAT) in the tourism sector from the beginning of April 2011 under amendments that parliament adopted.
The introduction of a flat VAT for the tourism sector comes in response to the demand of the European Union that Bulgaria should harmonize tourismVAT, which currently stands at 7% for organized groups and 20% for individual tourism.