News
Reduced VAT rates in Bulgaria until December 31, 2023.
Summary
Bulgaria has extended the temporarily reduced VAT rate due to COVID-19's fiscal crisis, and it is published in Decree No. 304. Previously, it was defined that this reduction would be applied until December 31, 2022, but Bulgarian authorities have decided to extend this to 2023 as well.
Content
- The 9% reduced VAT rate has been temporarily extended until December 31, 2023, on restaurant and catering services consisting of the delivery of prepared or unprepared food.
- Newspapers and journals are reduced from the 22% standard rate to the 9% reduced rate.
- Hotels, B&Bs, and other short-term accommodations have been set permanently at the reduced 9% rate.
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