Countries around the world are beginning to respond to the global crisis caused by Covid-19. They are starting to introduce tax breaks to support an economy already hit by the crisis. We present this information below and we will update it on a regular basis. We will also take into account these reductions when submitting the VAT declaration.
Latest updates regarding Bulgaria:
29 VII – proposes to extend the 9% reduced VAT rate to: tour operators; gyms and sports facilities; for alcohol in restaurants and cafes;
11 VI – onfirms the reduction of the VAT rate for catering, cafes and restaurants from 20% to 9% for food and non-alcoholic beverages until December 31, 2020. It also lowers the VAT rate for e-books and published books.
May 8 – Bulgaria proposes to lower the VAT rate for restaurant, cafe and hotel services from 20% to 9% from June 1 to December 31, 2020. Then the rate will revert to 20% in 2021.
April 2 – Bulgarian tax authorities will not extend VAT settlement deadlines until further notice to help companies fight the COVID-19 pandemic. Follow live global company VAT tracker Tick concerning the Covid-19 pandemic.
The Bulgarian government is likely to halt ongoing VAT investigations and other tax investigations and assessments in the short term.
Countries around the world are beginning to respond to the global crisis caused by Covid-19. They are starting to introduce tax breaks to support an economy already hit by the crisis. We present this information below and we will update it on a regular basis. We will also take into account these reductions when submitting the VAT declaration.
Latest updates regarding Bulgaria:
29 VII – proposes to extend the 9% reduced VAT rate to: tour operators; gyms and sports facilities; for alcohol in restaurants and cafes;
11 VI – onfirms the reduction of the VAT rate for catering, cafes and restaurants from 20% to 9% for food and non-alcoholic beverages until December 31, 2020. It also lowers the VAT rate for e-books and published books.
May 8 – Bulgaria proposes to lower the VAT rate for restaurant, cafe and hotel services from 20% to 9% from June 1 to December 31, 2020. Then the rate will revert to 20% in 2021.
April 2 – Bulgarian tax authorities will not extend VAT settlement deadlines until further notice to help companies fight the COVID-19 pandemic. Follow live global company VAT tracker Tick concerning the Covid-19 pandemic.
The Bulgarian government is likely to halt ongoing VAT investigations and other tax investigations and assessments in the short term.
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Justyna Urbaniak
Co-founder of the Tick company. I write a blog for you about VAT issues and more. We invite you to read and follow our posts ;-).
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