Be the first to know with VAT IT Reclaim

Published:August 6, 2020

Bulgaria to slash VAT Rate to Boost Economy

Bulgaria to slash VAT Rate to Boost Economy

Bulgaria may be extending its reduced VAT rate of 9% to other goods to boost consumerism and its economy in the midst of the Coronavirus pandemic. The reduced rate will take effect from August 2020. 

A draft bill was submitted to Parliament in late July to expand the scope of the reduced 9% VAT rate to the following supplies: 

  • Beer and wine provided as a part of restaurant/catering services;
  • Common tourist services and excursions organized by tourist operators and travel agents with occasional bus transport; and

Services for the use of sports facilities
Source (in Bulgarian)

Subscribe to our monthly VAT newsletter

Latest news and updates

What to do if you can’t access UK import VAT statements

Some importers that use postponed VAT accounting may be affected. HMRC confirms there will be no penalties for companies that take reasonable care

read more

How to pay less import duty & VAT when re-importing into the UK

We recently considered a number of special import procedures that enable traders to reduce the cost of import duties and VAT when importing into

read more

Reclaiming VAT from the UK

Brexit directly affects the procedure for German firms claiming back VAT from the UK. Now that the UK has left the EU, German companies that ship

read more