12/01/2007 (Agence Europe) - The European Commission has published the value added tax (VAT) rates applicable in Bulgaria and Romania as at 1 January 2007. The standard VAT rate in Bulgaria is 20% with a reduced rate of 7% applying to hotel services that are part of a package tour. The standard VAT rate in Romania is 19%, with a reduced rate of 9% applying to 1) tickets to museums, historical monuments and zoos; 2) the distribution of newspapers and school books, except those containing only...