Bulgariaʼs Parliament amends tax laws, cuts VAT for restaurant-delivered food

EU

Bulgariaʼs Parliament passed conclusively amendments to the value added tax Act, reducing the (VAT) rate for food cooked at and delivered by restaurants from the standard 20% to 9%, effective between December 1, 2020 and December 31, 2021, local news agency BTA reported. 

According to another revision of the law, a person established in the territory of the European Union, registered for VAT and registered in an EU Member State other than Bulgaria to carry out distance sales of goods imported from third countries is now entitled to deduct input tax according to the standard rules for goods and/or services whose place of transaction is in the territory of Bulgaria.

A person who is not established in Bulgaria but is registered in another EU Member State to apply a Union scheme, a non-Union scheme or a scheme for distance sales of goods imported from third countries and who has failed to charge VAT for supplies whose place of transaction is in the territory of Bulgaria will be liable to a fine.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.