- VAT rates for bread, flour, and restaurant services in Bulgaria have been restored to 20% starting January 1
- The reduced VAT rates were initially introduced during the COVID-19 pandemic and were extended for several years
- The differentiated VAT rates expired at the end of 2024 despite opposition from bakers and restaurant owners
- It is estimated that reinstating the VAT rates could generate over BGN 400 million for the state budget
Source: bntnews.bg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
