The Bulgarian government submitted a draft bill in parliament on 8 June 2022 to amend and supplement the 2022 Budget Law, including measures for the previously announced anti-crisis package to help mitigate the effects of inflation.
- An exemption from excise duty on electricity, liquefied petroleum gas, and natural gas;
- The introduction of a reduced VAT rate of 9% on central heating supplies for one year;
- The introduction of a reduced VAT rate of 9% on natural gas supplies for one year;
- The introduction of a zero VAT rate on the supply of bread for one year;
- The withdrawal of the reduced VAT rate of 9% on beer and wine supplies as part of restaurant and catering services from 1 July 2022, with such supplies reverted to the standard 20% rate;
- A reduction in the legal interest rate from the basic (base) interest rate (BIR) + 10% to BIR + 8% on overdue monetary obligations;
Source: orbitax.com
