Bread is a Must – Temporary Increase in Prices Affects Consumption Trends

• Bread consumption decreased temporarily due to higher prices
• Bread consumption is normalizing now
• Four types of bread are now without tax relief
• Higher prices influenced by increased costs
• People are returning to previous bread consumption levels
• Food prices are expected to rise globally
• Bread in neighboring countries has lower VAT rates
• Zero VAT rate for bread could help eliminate the grey economy
• Social partners eliminated the only social measure in the food sector
• Bread industry paid over 1.1 billion BGN in taxes
• Economic burden may lead to decrease in bread production firms
• Future of bread production firms depends on various factors

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.

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