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

|Approved Changes|Bulgaria
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 natur…

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