2014 Bulgarian Excise Rate For Cigarettes And Alcohol Confirmed
By Ulrika Lomas, Tax-News.com, Brussels
16 September 2013
Bulgaria's Deputy Finance Minister Lyudmila Petkova has confirmed that there will be no excise tax increases on cigarettes and alcohol in 2014, despite a European Union directive that cigarette excise rates must reach a minimum of EUR90 per 1,000 by the start of 2018.
Speaking to the media, Petkova explained that the tax rate would instead rise gradually during 2015-2017. She also stated that excise on cigarettes is expected to provide 6.1 percent of government receipts during 2013, and that new excise tax stamps would be introduced during next year.
Excise on tobacco products in Bulgaria is calculated by volume and by value, meaning that more expensive brands will be more significantly affected by increased rates.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Governments Get Creative Over COVID-19 »
- Governments Taking (In)Direct Tax Action In Response To Pandemic »
- Forming an LLC in California: Step by Step Guide »
- Governments Working Hard On Working Hard »
- Business As Usual? »
- How to change your company secretary in Hong Kong? »
- International Tax Matters Inch Forward »
- COVID-19 Trends Take Shape In The New 'Wild West' »
- keeping calm and carrying on »
- Benefits of forming Wyoming LLC »