August 3 2021

Bulgaria Proposes a Reduced 9% VAT Rate for Medicinal Products

Source: IBFD Tax Research Platform News

A proposal was submitted to the Bulgarian parliament by its members for the application of a reduced 9% VAT rate for certain medicinal products. Currently, they are subject to the standard 20% VAT rate. These products, including medical devices and dietary foods for medical purposes, are listed in Article 262 of the Law for the Medicinal Products in Human Medicine and are paid with funds from the budget of the National Health Insurance Fund.

The full text of the proposal, issued on 30 July 2021, is available here (in Bulgarian only).

As a next step, the parliament will vote on the proposal.