- Bread prices in Plovdiv will increase by 15 to 22 percent following the removal of the zero VAT rate
- Galin Petkov, a grocery store owner, plans to update item prices soon
- In another store in Plovdiv, prices have already been updated, with a 17 percent increase for consumers according to owner Penka Mileva
- Mileva noted that despite stocking ten loaves of bread, they remain unsold, unsure if it’s due to the price increase
- Lazar Genchev, owner of the Plovdiv bakery Ritar, mentioned that the VAT removal had minimal impact on producers but increased operational costs
- Genchev explained that the VAT will be collected by the state, and maintaining prices without the increase would be illegal
- He highlighted that a popular product priced at 1.50 BGN will now cost 1.84 BGN, marking a 20 percent increase
- Currently, there are no plans to further increase prices despite the rise in minimum wage
Source: bta.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"
- RTC Webinar: CSE Countries – Implementing e-Invoicing and SAF-T Mandates (Nov 5)
- Comments on ECJ C-234/24: VAT Refund on Tooling Not Automatically Excluded for Cross-Border Equipment Sales
- FAQs on SAF-T Implementation in Bulgaria Published by National Revenue Agency
- ECJ VAT C-744/23 (Zlakov) – Judgment – Pro Bono Legal Services are subject to VAT
- ECJ VAT C-234/24 (Brose Prievidza) – Judgment – VAT Refund Not Barred by Lack of Export
