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| VAT Reduction by 10% Demanded | ||
| Friday, Aug 08, 2008 | ||
| The Bulgarian Association of the Food and Drink industry insists on a reduction of VAT for food products, BNR announced. The arguments are that the average value of VAT on foods in the European Union is 6-7%. 16% of the income of citizens from the old member states goes for food, statistics reveals. In comparison Bulgarian citizens give 40% of their income for sustenance. According to Dimitar Zorov from the Association of Milk Producers at a meeting with Vice Premier Meglena Plugchieva the question of VAT reduction has been discussed and there is a real chance that the government understands and accepts the demands of the field organizations. It is not known, however, when the promised expert group will convene, Zorov said. |
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| Source: News.bg | ||
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