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Today’s Top Headlines

2014 Bulgarian Excise Rate For Cigarettes And Alcohol Confirmed

By Ulrika Lomas,, 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.

TAGS: tax | Bulgaria | excise duty | tax rates

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