VATupdate

Share this post on

Tax relief for consumer energy products in Bulgaria

At the beginning of July 2022, in the wake of the energy crisis which caused the skyrocketing of fuel prices, the Bulgarian National Assembly adopted a number of tax measures affecting consumer energy products in Bulgaria. The tax relief measures were published in the Official Gazette of Bulgaria on 5 July 2022 as part of the Law amending and supplementing the Law on the State Budget of the Republic of Bulgaria for 2022. The new law aims to help mitigate the effects of inflation and to alleviate the drastic increase in energy prices. The provisions were accepted by the previous Parliament in its final hours before its adjournment and the new elections on 2 October, however, they still apply and are all intended to apply for the originally set limited periods of time. 

Source WTS

Sponsors:

VAT news

Advertisements: