Bulgaria: The National Assembly still kept 0% VAT on bread until the end of the year

Published 2024년 4월 30일

Tridge summary

The Bulgarian National Assembly has decided to extend the zero VAT rate for bread until the end of the year, overriding an earlier decision that was not included in the Transitional and Final Provisions of the Bill to amend the Personal Income Act. This decision was made after the ceiling of the markup of 15% for bakery products was brought into question. The zero VAT rate for bread was originally set to expire in June but has been extended through the Gambling Act, running from July 1 until the end of the year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The National Assembly reviewed urgently the accepted Parliament did not extend the zero VAT rate for bread Bulgaria 15:54 30.04.2024 an hour earlier, a decision was made not to extend the zero VAT rate for bread from July. MPs nevertheless decided to extend the zero rate until the end of the year, as adopted by the budget committee this morning. The correction was originally included in the Transitional and Final Provisions of the Bill to amend the Personal Income Act, but it was rejected. Subsequently, the chairman of the budget commission Yordan Tsonev announced that there is a consensus in the parliament to accept the amendment. The zero VAT rate for bread was supposed to expire at the end of June. However, ...
Source: Trud

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