site.btaBranch Organizations Say 9% VAT on Foods and Drinks Will Drive Prices Down
The reduction of the VAT rate on foods and drinks to 9% from the current 20% will contribute to driving prices down, according to the leaderships of the Bulgarian Industrial Association (BIA) and branch organizations from the food industry. They had a two-hour working meeting with caretaker Economy Minister Nikola Stoyanov and his team on Wednesday, BIA said.
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