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Bulgaria's Ministry of Health proposes reduction in VAT on medicines

The Bulgarian Ministry of Health has come out with a proposal to reduce the VAT on medicines paid for by the Health Insurance Fund or the Ministry from 20 to 5%. These are medicines for home and hospital treatment and the reduction of their tax will..

30.08.21 14:15 |
Nikolay Vassilev

Nikolay Vassilev: Bulgaria was about to have the most reform-minded cabinet

Bulgaria was about to have the most reform-minded cabinet, said Nikolay Vassilev at a press conference of "There is Such a People" party. Initially, Nikolay Vassilev was nominated for the position of Prime Minister of Bulgaria, but later ITN withdrew..

16.07.21 19:03 |

Prices of consignments arriving from non-EU countries go up

As of July 1, the price of consignments arriving to Bulgaria from non-EU countries, including the UK and China, is going up. The VAT exemption for imported consignments amounting to EUR 15 or less will be abolished as of July 1. Value added tax will..

01.07.21 11:08 |

Cross border VAT e-commerce is being modernized in the EU

New VAT rules for e-commerce will be rolled out across the EU as of July 1 to simplify life for businesses that sell goods online, while ensuring a more level playing field with online companies outside the EU . The rules aim to reduce the..

09.06.21 10:00 |

Despite the pandemic, tax authorities in Bulgaria report record-high revenues

Revenues to Bulgaria's National Revenue Agency (NAP) as of April 28, 2021 are close to 4.4 billion euros, which is over 450 million euros more than in the same period of 2020, the agency announced. The record revenues from taxes and social security..

07.05.21 09:28 |

National Revenue Agency collects more taxes in 2020 compared to 2019

The total revenues to Bulgaria's National Revenue Agency (NRA) in 2020 amount to BGN 25 billion (EUR 12.8 billion). This means the revenues are BGN 700 million (EUR 358 million) more than the planned revenues and BGN 1.1 billion (506 million) more than..

05.01.21 12:05 |

VAT rate for home delivery of food slashed to 9%

As of today, 1 December, the VAT rate on home delivery of food is reduced to 9% from the standard 20%, valid for most commodities and services in the country. This is the latest in a series of tax advantages for the restaurant industry during..

01.12.20 14:29 |

Сovid-19 in Bulgaria: Day 267

GERB proposes zero VAT for Covid-19 vaccines From January 1, supplies of Covid-19 vaccines shall be taxed with zero VAT. The amendment to the VAT Law was submitted to Bulgaria’s National Assembly. The zero tax will be valid until the end of 2022,..

29.11.20 17:21 |

GERB proposes zero VAT for Covid-19 vaccines

From January 1, supplies of Covid-19 vaccines shall be taxed with zero VAT. The amendment to the VAT Law was submitted to Bulgaria’s National Assembly. The zero tax will be valid until the end of 2022, BTA reports. Earlier, Premier Borissov..

29.11.20 14:47 |

Bulgarian president vetoes amendments to VAT Act

Bulgaria's President Rumen Radev has imposed amendments to the VAT Act. They introduce new provisions in the Consumer Loans Act, which the head of state defines as "inadmissible" and "legally intolerable", BNR reports.  With some of the approved..

25.11.20 19:12 |
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