Dyankov says Bulgaria cannot put off unified tourism VAT

Dyankov says Bulgaria cannot put off unified tourism VAT

Bulgaria has informally inquired with the European Commission (EC) on the possibility to introduce a unified value-added tax (VAT) in the tourism sector from 2012, as proposed by the industry, but got a negative response.

The announcement was made by finance minister Simeon Dyankov at a meeting with MPs and the country's major tourist trade groups.

He explained that Bulgaria failed to introduce a unified VAT for all types of tourism a few years back and there is no room for further delay.

The Ministry of Finance (MoF) said earlier this week that a letter has been received from the EU insisting that Bulgaria should harmonise tourism VAT, which stands at 7% for organised groups and 20% for individual tourism. This difference places the two types of tourism on an uneven playing field which is why the country could be imposed a sanction, according to the MoF.

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