Bulgaria Assembly Considers Bill to Amend VAT Act

The Bulgarian National Assembly May 18 accepted for consideration Bill No. 52-654-01-42, to amend the VAT Act. The bill includes measures to reduce the VAT rate, to zero percent from 20 percent, on taxable supplies of food products and beverages that are classified under the small consumer basket nomenclature of the National Statistical Institute as of Jan. 1, and that have a place of supply in Bulgaria or specified countries. The law would enter into force upon the entry into force of the 2026 state budget. [Bulgaria, National Assembly, 05/18/26]

Reference: View Bill No. 52-654-01-42. View Legislative History of ...