- Bulgaria is reviewing a draft bill to introduce a 0% VAT rate on essential food and beverages.
- The measure aims to ease the burden of rising living costs on households.
- The zero rate would apply only to items in the National Statistical Institute’s “small consumer basket,” such as bread and basic flour, milk and dairy products, and basic meats and poultry.
- If passed, retailers, grocers, and catering businesses will need to update VAT, invoicing, and reporting systems to handle the new zero-rated items.
Source: meridianglobalservices.com
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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