Bulgaria proposes VAT rate reduction for food and electricity from April 2022

Bulgaria proposes VAT rate reduction for food and electricity from April 2022

Amid soaring food and energy prices, Bulgaria announces a proposal to reduce the VAT rate from 20% to 0%. The reduced rate will apply to basic food products and beverages, water, natural gas, electricity and central heating for households.

Once the proposal is passed, the reduced rate will be in effect from 1 April 2022.

Sources: Bill amending the VAT Act.pdf (in Bulgarian) , Link to the Bill amending the VAT Act

 

Copyright © 2022 Blue dot VATBox Ltd. All rights reserved.

We appreciate your interest in VATBox!

* Mandatory Fields