The reduced VAT rate is applicable on certain supplies of goods and services till end of December 2022. This has not yet been extended. Hence, standard VAT rate would become again be applicable.
Original newsitem:
With an eleventh-hour decision of 23 December 2021 the Bulgarian Parliament extended the term of the reduced VAT rate on certain supplies of goods and services until the end of 2022. The amendments to the Value Added Tax Act were published in the Bulgarian State Gazette No. 111 on 31 December 2021.
The tax relief was originally introduced in July 2020 as a temporary measure to help the most affected businesses from the Covid pandemic situation recover and was initially meant to apply until 31 December 2021.
Extended period of application of the reduced VAT rate
The extended period of application of the reduced 9% VAT rate on the supplies listed below starts on 1 January 2022 and shall be in force until 31 December 2022.
Source WTS
