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Bulgaria Enacts Anti-Crisis Package to Help Mitigate Effects of Inflation

11 July 2022

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Approved Changes

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Bulgaria

Bulgaria published the Law Amending and Supplementing the 2022 Budget Law in the Official Gazette on 5 July 2022, including measures for the previously announced anti-crisis package to help mitigate the effects of inflation. The tax policy measures include: An exemption from excise duty (0% rate) on qualifying electricity (generally from renewable sources), liquefied petroleum gas, and natural gas until 30 June 2025); The introduction of a reduced VAT rate of 9% on central heating and natural gas supplies for one year; The introduction of a zero VAT rate on the supply of bread and flour for one year; The...