FINANCE
VAT for home food deliveries is 9% from 1 December
As of 1 December, the reduced VAT rate for home food deliveries enters into force. The indirect levy will be 9% instead of the 20% that applies to most goods and services in the country,
This is yet another tax relief for the restaurant industry during the year because of the Covid-19 crisis.
There is a lower VAT rate for a number of other businesses – for example, gyms, but they are currently closed. Lower is the rate on paper products and children's diapers and purees.
NEWS FROM BCCI
The President of BCCI announces the upcoming presentation of the Annual Awards for 2020
The award ceremony will be in an electronic format Още
Meeting with the Ambassador of Argentina H.E. Alfredo Atanasoff
Discussion of an upcoming virtual business event and development of joint projects Още
BCCI took over the presidency of the Association of Balkan Chambers for 2021
The main priorities: synergy for overcoming the crisis, supporting the development of clusters, digitalization of the chambers of commerce in service of companies Още
Online business meeting of Bulgarian and Serbian companies
The main message of the meeting: intensifying the partnership in order for Serbia and Bulgaria to emerge from the crisis better prepared and with common goals Още
Information event under the STRONG project enjoyed great interest
Presentation of good practices in voluntary dispute resolution Още
UPCOMING EVENTS
Common Maritime Agenda for the Black Sea
2020 Regional Stakeholder Conference - 10 December 2020, online Още
BULGARIAN ECONOMY
The Minister of Economy signed three investment certificates under the Investment Promotion Act
Worth a total of BGN 8.3 million, which will create nearly 300 new jobs Още
The National Statistical Institute reports worsening business climate in November
The deterioration was most pronounced in construction and retail with some stabilization in industry and services Още
EC approves BGN 30 million grants for Bulgarian coach companies
Support of micro, small and medium-sized bus and passenger transport companies affected by the Covid-19 pandemic Още
FINANCE
Rating agency S&P affirmed Bulgaria ratings at “BBB”; outlook stable
The stable outlook reflects the agency’s expectation that Bulgaria's economy will rebound quickly following the pandemic Още
MoF expects a deficit of BGN 183.2 million under the Consolidated Fiscal Programme as of end-November 2020
VAT for home food deliveries is 9% from 1 December
This is yet another tax relief for the restaurant industry Още
