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Former deputy finance ministers of the NMSS governments and the tripartite coalition have spoken out strongly against Prime Minister Boyko Borissov’s idea of reducing VAT from 20% to 9% for restaurants.
Both Lyubomir Datsov and Georgi Kadiev believe that lobbying has prevailed in this case. Their thesis is supported by the fact that restaurateurs have not stopped asking for a VAT deduction for their industry, and they recently raised the issue in early February of this year during the discussion of the cash register ordinance, which has nothing to do with the crisis with Covid-19.
Georgi Kadiev: If there is something significant in our tax system, it is the uniform rate
“A reduced VAT rate for restaurants does not make sense. If there is something significant in our tax system, it is the same rate and equality for everyone (except tourism, which is an export of a service). We have maintained the same rate for years, lobbying apparently prevails today. “Georgi Kadiev commented on his Facebook profile.
Georgi Kadiev
“If you open the door for some, others will come, and with good reason. Wait for the mothers for baby items, the sick for medicine, the poor for food, journalists for newspapers, cultural directors for cultural events and more, and more. Yes such are the measures. ” better without any measure, “added Kadiev.
Lyubomir Datsov: this decision is out of place
“Suddenly, a decision is made under one pressure or another that doesn’t solve anything and is out of place. It’s an absolutely unstructured approach.” Datsov said.
The financier even thinks that the measure with the VAT reduction is dangerous. “You can see that all kinds of populists and lobbyists have been in crisis for a few hours.” he commented.
Datsov insisted that the position of Finance Minister Vladislav Goranov was correct and said he supported it.
According to the former vice minister, the measure would work if a decision is made to reduce VAT in general and the tax rate will be 18%. He noted that he was against the tax reduction, but was in favor of postponing the terms for payment and the transformation of accounts receivable, as if they were a type of credit.
“In Europe, the main measure is what we call 60:40 in Bulgaria, although it is not at all. In Bulgaria, approximately 4% of the labor force is currently covered compared to the economically active population. In Europe, the average coverage is between 10 and 15%. In Spain, Italy and France the coverage is higher “, Lubomir Datsov noted.
According to him, a 70: 0 measurement would make more sense.
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