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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)

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