Hotel and restaurant industry representatives are holding a press conference demanding the 9% VAT rate be maintained, citing its necessity to avoid bankruptcies. They argue it’s standard in Europe and crucial for competing with regional tourism. They’ve requested an urgent meeting with political leaders to present their case and are initiating daily “9 minutes of darkness” protests at 9 PM until the 2025 budget vote. They contend that lower VAT boosts tourism, prevents job losses, encourages investment, and reduces tax evasion, ultimately increasing tax collection.
Source: bta.bg
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