Unofficial translation
0% VAT on bread, modernization of pensions by nearly 20%, 25 cents per liter discount for gasoline, diesel and methane are part of the anti-crisis package of the ruling coalition in support of citizens and businesses
0% VAT on bread, modernization of pensions by nearly 20%, higher tax breaks for families with children and discounts on fuel, including petrol and diesel – these are just some of the measures in the anti-crisis package adopted during yesterday’s coalition advice. The measures aim to support Bulgarian citizens and businesses in the conditions of the unprecedented crisis.
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The anti-crisis package also provides compensation for high fuel prices. All citizens until the end of the year will be able to take advantage of a discount of 25 st./l. for petrol 95 and diesel, methane and propane-butane.
For a period of one year the VAT on bread will be reduced to 0%, and for the same period the VAT on wine and beer will be refunded to 20%.
With regard to heating, VAT on heating and hot water is expected to be 9% within one year. It will also be reduced to 9% VAT on natural gas for end users / household needs for a period of 1 year. It is exempt from excise duty on electricity, natural gas, methane.
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The package of anti-crisis measures also includes increasing the threshold for mandatory VAT registration from BGN 50,000 to BGN 100,000; taxation of excess profits of electricity in order to compensate non-household consumers; electronic vouchers for the convenience of employees, as their total amount will be increased to BGN 1.2 billion; reduction of the interest rate to 8% for overdue payments to the state, municipalities, utilities, etc.
A recommendation will be made to the EWRC for two rates for electricity, water, heating and gas, based on consumption per household, with the aim of introducing a reduced tariff for less consumption. The VAT rate for books continues to be lower at 9%.
Source gov.bg
