RE: Are VAT rates a matter of culture? Eastern European countries comparison

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RE: Are VAT rates a matter of culture? Eastern European countries comparison

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soulsdetour in Cross Culture • 2 years ago

Hey guys, it's been a really long time! Good to see you here again. How are you? Still stuck in my "favorite" country? 😂
Very interesting research you have done. I think it is very useful for everyone who is going to settle in Europe. 24% standart Vat rate for Greece - that's too much, isn't it? Well, these people really buy quality products in their stores and eat quality food (unlike people in Bulgaria). But I have been in one of the richest countries in Europe, where VAT was 16% until a few years ago.
Which means that the wealth of a country is not created by the taxes that are collected from its inhabitants. There has to be something else here, right? This is food for thought 🤔
Btw, once you're here again, I'll expect you to be more engaged with the platform by replying to comments as well as communicating with other accounts under their posts.
Cheers and see you soon!

2 years ago in Cross Culture by soulsdetour

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culturelanguage 2 years ago

Hi, Soulsdetour, thank you very much for the time and your tips.
True, the VAT in Greece may seem very high but actually the majority of the food items fall under the reduced, 13% VAT. Probably the situation in Bulgaria is not that bad at the end, with regards to the food quality, just that the state wants to collect more taxes. That is what it seems trying to comprehend the bigger picture! 😃

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soulsdetour 2 years ago

If you go to any large supermarket chain in Bulgaria, even those that are foreign, you can easily notice the low quality of the products sold at a high price. Maybe the price is really high because of VAT (it drives prices like those in Belgium, for example), but the quality is really low. In addition, if you once happen to shop for products in another country and then return to Bulgaria, the difference becomes more than obvious.
Oh, I mistakenly thought you were in Bulgaria just because you wrote that you were "stuck". Haha, "stuck" can only be someone in a really hopeless country like this 😃😎. But anyway, luckily you're clearly not here. Or, don't tell me! 😊 Just share here more of your experiences and discoveries.

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culturelanguage 2 years ago

That's very interesting. If what you are saying here is exactly like this, that means that people in Bulgaria need more information to see what they are actually in. Or perhaps they do not care that much, if at all?
From clear market perspective, Bulgaria and Greece are probably in the same range, with their totals of 6-7 million of population ergo customers.

"Stuck" rather shows the desire to travel worldwide. 😃

Thank you! 👍

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