Excise

Bulgaria's Customs office in Sofia has seized 8,000 liters of dyed fuel used for other purposes.

The Customs officers have carried out a number of inspections of vehicles, private property of individuals and sites managed by legal entities.

Bulgaria's Customs Agency officers have uncovered a dyed diesel fuel fraud for more than BGN 500,000.

Bulgaria's Customs Agency faces a shortfall of BGN 617 M by end-August 2014, according to Customs Agency head Vanyo Tanov.

In a Thursday interview for bTV, Tanov made clear that the deficit had been formed due to the weak excise duty receipts and VAT receipts.

He insisted that the VAT receipts target was very unrealistic.

Bulgaria's Customs Agency is lagging behind its collection target by nearly BGN 500 M.

A total of BGN 4.354 B has been collected by the customs authority since the beginning of 2014, according to reports of investor.bg.

In the first seven months of 2014, receipts from VAT were lower than the forecast and the result for the same period of 2013.

BELGRADE - Serbia's budget revenues coming from excise taxes on oil derivatives will rise by around RSD 17 billion this year, while revenues from excise taxes on tobacco products will drop by RSD 24 billion, according to the latest estimates by the Fiscal Council.

Serbian inflation 2 percent in first half of year

BELGRADE -- Inflation stood at two percent in the first half of 2014 with the monthly rise of consumer prices at 0.1 percent, said the Serbian Ministry of Trade.

A total of 200,000 cigarettes without Bulgarian excise duty have been confiscated by a mobile team of the customs office in Vidin in a joint operation near Danube Bridge 2.

The excise goods were found inside of a vehicle with Bulgarian registration plate headed for Italy.

The contraband cigarettes were seized, and the case is the subject of an investigation.

Over 28 million cigarettes intended for illegal distribution have been destroyed, the press center of Bulgaria's Customs Agency announced.

The illicit cigarettes were burned in the furnaces of Holcim Bulgaria under the supervision of the Southwestern customs office. The cigarettes were of various brands and did not have Bulgarian excise bands, specified by the Agency.

Bulgaria's Customs Agency has recorded a total of BGN 350M underperformance in VAT and excise duty revenue compared to the monthly estimates set by the treasury in Q1 2014.

Every fifth cigarette in Bulgaria is illegal, according to a survey on the illicit cigarette market commissioned by world concerns.

Bulgaria's budget records losses of nearly BGN 0.5B annually only due to the unpaid excise duty on tobacco products, private TV station BTV reports.