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Bulgarian Government Submits Draft Bill for Anti-Crisis Package to Help Mitigate Effects of Inflation

15 June 2022

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Proposed Changes

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Bulgaria

The Bulgarian government submitted a draft bill in parliament on 8 June 2022 to amend and supplement the 2022 Budget Law, 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 on electricity, liquefied petroleum gas, and natural gas; The introduction of a reduced VAT rate of 9% on central heating supplies for one year; The introduction of a reduced VAT rate of 9% on natural gas supplies for one year; The introduction of a zero VAT rate on the supply of bread for one...