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.

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