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Tag: Bulgaria

Bulgaria VAT rate cuts

Bulgaria VAT rate cuts

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Cuts to newspapers, hotels and basic foods Bulgaria has gazetted various changes to the VAT Act to cut rates permanently and temporarily on a range of supplies. VAT rate changes The updates include: Newspapers and journals are reduced from 22% standard rate to the 9%

Bulgaria cuts VAT on heating, accommodation and bread to combat 14.4% inflation

Bulgaria cuts VAT on heating, accommodation and bread to combat 14.4% inflation

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Temporary tax breaks on domestic fuel and basic foodstuffs The Bulgarian government has proposed temporarily reducing the Value Added Tax rate on domestic heating and bread. The National Statistical Institute said that Bulgaria’s consumer prices rose by annualised inflation rate of 14.4% (12.4% in March).

Bulgaria to zero-rate food, heating and water April 2022 in inflation crisis

Bulgaria to zero-rate food, heating and water April 2022 in inflation crisis

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Temporary tax breaks on domestic fuel and basic foodstuffs The Bulgarian government has proposed temporarily reducing the Value Added Tax rate on basic foodstuffs, non-alcholoic drinks; medical products heating electricity and gas. The proposal now moves to Parliament, the National Assembly. The measure could come

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