Bulgaria to Introduce Reduced VAT Rate to Support Restaurant and Catering Sector

A draft bill was submitted in the Bulgarian parliament on 4 May 2020 that would introduce a reduced VAT rate to support the restaurant and catering sector, which has been heavily impacted by the COVID-19 pandemic. This includes a 9% reduced VAT rate for restaurant and catering services, with a temporary reduced VAT rate of 5% applied from 1 June 2020 to 31 December 2021 in order to help the se…
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