Cut on hospitality VAT rates to 5% approved

VAT rate reduction to 9% for:

• beer and wine provided as part of restaurant/catering services;
• the use of certain sports facilities; and
• tour operators’ services, including the organization of excursions by tour operators and travel agents with occasional transportation

The VAT rare reduction will be applicable between August 1 and December 31, 2020

Source:

• Avalara
• Orbitax
• Parliament.bg