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Bulgaria reduces VAT rate on hotel accommodation and restaurant services

Bulgaria
19/06/2020
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On 12 June 2020, the Bulgarian parliament passed a bill amending the VAT rates for certain goods and services as a temporary measure in response to the COVID-19 pandemic. The amendments were promulgated in the State Gazette on 19 June 2020.

The reduced rates are scheduled to be in force between 1 July 2020 and 31 December 2021.

The standard 20% VAT rate was reduced to 9% for the following:

  • accommodation provided by hotels and similar enterprises;
  • books and textbooks (paper and electronic), but excluding advertising publications or those made up primarily of video or audio content;
  • services provided by restaurants or catering companies except for alcoholic beverages;
  • food for babies and small children;
  • baby diapers and similar hygiene products for babies.

For more information on these tax amendments and for tax advice on doing business in Bulgaria, contact your usual CMS advisor or local CMS experts Alexander Rangelov and Yana Antonova.

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