Bulgaria: Government announced several tax relief measures regarding VAT exemption
07 May, 2020
The Government has taken some tax relief measures regarding Value Added Tax (VAT). These are:
On 4 May 2020, a draft Bill was submitted in the Bulgarian Parliament for introducing a 9% reduced VAT rate from 20% rate to support the restaurant and catering sector, badly affected by the COVID-19 outbreak. Also, this Bill proposes this 9% reduced VAT rate for these sectors applied from 1 June 2020 to 31 December 2021.
On 23 April 2020, through Decree № 80, the Council of Ministers adopts the rules of the exemption from import duties and value-added tax on imports of the territory of the country of goods needed to fight against the effects of the COVID-19 pandemic in 2020, carried out by certain individuals.
Bulgarian Deputy Prime Minister and Minister of Finance, Lyudmila Petkova, signed an agreement in Brussels with Malta to avoid double taxation between the two countries on 10 December 2024. The Agreement was signed on the Maltese side by Clyde
The Bulgarian Ministry of Finance released a draft bill for the 2025 state budget on 9 December 2024 which includes several key proposals affecting tax policies, resource extraction, and VAT registration. One of the primary provisions in the bill
Bulgaria's Ministry of Finance has issued an announcement on the draft law for the 2025 State Budget on 4 December 2024, which will be submitted to the National Assembly. "An analysis of revenues and expenditures for the next calendar year
Bulgaria’s Council of Ministers has submitted a proposal to parliament for amendments to the Corporate Income Tax Act, focusing on refining Global Anti-Base Erosion (GloBE) rules and extending regional tax relief measures on 2 December
Bulgaria's National Assembly is reviewing a draft bill, presented on 2 December 2024, to amend the Value Added Tax (VAT) Act to implement the EU small business scheme for cross-border supplies. The draft bill is under parliamentary review and
The Council of Ministers of Bulgaria has approved the signing of the Multilateral Competent Authority Agreement for the Automatic Exchange of Information under the Crypto-Asset Reporting Framework (CARF MCAA) on Wednesday, 13 November 2024. The
