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

|Proposed Changes|Bulgaria
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 natura…

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