The Bulgarian government has announced an anti-crisis package to help mitigate the effects of inflation. Among other things, the package includes certain VAT measures:
- Reduction in the VAT rate on bread to 0%;
- Reduction in the VAT rate on heating, hot water, and natural gas for end-use/household consumers to 9%; and
- Increase in the VAT registration threshold from BGN 50,000 to BGN 100,000.
The package also includes discounts on petrol, diesel, and other fuels for individuals, an exemption…