Bulgaria’s Deputy Minister – Government’s vision is for uniform VAT rates of 20%

• Bulgaria expects to achieve a growth of 1.8% for this year
• Forecasted growth of around 3.2% for 2024
• Inflation is expected to decline below 3% by the end of 2024
• Average annual inflation for 2024 is expected to be about 5%
• Government’s vision is for uniform VAT rates of 20%
• Some exceptions may be made for specific sectors
• Decision on VAT rates for the restaurant industry will be based on which option benefits the sector and generates more revenue for the state.

Source: minfin.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.

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