5. Preferences of the VAT reduced rate for the tourist services in Bulgaria

Author: Nadezhda Blagoeva

DOI: 10.22620/SCIWORKS.2016.56.005


Tourism has an important role in the whole economy for growth, employment and stable development. It is boosted by the unified European policy for application of reduced VAT rates. High taxes affect tourism negatively. That is why it is very important to find optimal solutions concerning VAT to encourage tourism development.