- 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.
Latest Posts in "Bulgaria"
- Austria to Halve VAT on Basic Food Products to Combat Inflation from July 2026
- Bulgaria Requires Foreign Suppliers to Register for VAT on Supply and Install Contracts from 2026
- Bulgaria Introduces New VAT Regimes for EU Suppliers and Small Enterprises Effective January 2026
- Bulgaria Updates VAT Registration Rules for Small Businesses, Sets 2026 Threshold at EUR 51,130
- Bulgaria Introduces Test Platform for Electronic SAF-T Tax File Submissions
