Reduced VAT rate for restaurants, sales of books and children’s products enters into force as of 1 of July
Tax Newsletter | June 2020
On 19th of June changes in the Value Added Tax Act were promulgated in the State Gazette, introducing a new area of supplies, for which VAT rate of 9% will be applied:
- Restaurant and catering services (except for the supply of alcoholic products);
- Supplies of books;
- Supplies of foods, appropriate for babies or young children;
- Supplies of baby diapers and similar baby hygiene products.
The reduced VAT rate for these supplies will apply for a limited period from 1st of July 2020 to 31st of December 2021.