- 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"
- General Court VAT Case T-308/25 (Direktsia „Obzhalvane i danachno-osiguritelna praktika“ – Plovdiv) – Order – Proceedings stayed pending CJEU decision in C-121/24
- German Hospitality Sector Faces Revenue Decline, Urges Return to Reduced VAT Rate
- Fiscal Solutions Webinar – Countdown to Euro in Bulgaria: Compliance Insights for Retailers (Aug 21)
- India Plans Tax Reform and GST Reduction Before Diwali Festival, Announces Prime Minister Modi
- Bulgaria SAF-T: Everything You Need To Know
