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Bulgaria Consulting on Amendments for VAT Changes for COVID-19, ATAD Reverse Hybrid Mismatch Rules, and Other Measures

07 October 2021

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Proposed Changes

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Bulgaria

Bulgaria's Ministry of Finance has announced the publication of draft laws for consultation on amendments to the Value Added Tax Law, the Excise Duties and Tax Warehouses Law, and the Corporate Income Tax Law. This includes VAT amendments to provide a temporary VAT exemption for purchases of goods and services by an EU body on behalf of Member States to respond to the emergency posed by the COVID-19 pandemic, as well as amendments to extend the reduced 9% VAT rate for certain supplies until the COVID-19 emergency situation ends. For corporate tax, the main amendments are to transpose Article 9a...