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Bulgaria announces changes in VAT rates in 2024
Summary
In 2022 and 2023, Bulgaria introduced a certain VAT reduction. Some of them will be applied in 2024.
Herein lies a more detailed breakdown.
Content
More precisely, the Bulgarian Members of Parliament have extended the temporary VAT rate reduction for restaurants, tourism, and gyms. As a reminder, the reduction from 20% to 9% was originally introduced during the COVID-19 pandemic. The new schedule includes a 9% VAT rate for tourism services until June 30, 2024. The 9% VAT rate for restaurant services will be in effect until December 31, 2024.
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