Excise

In the first half of 2018, The Customs Agency has collected revenues from excise duties, VAT on imports, customs duties and fines amounting to BGN 4.596 billion, compared to BGN 4.345 billion for the same period of the previous year.

1467 liters of illegal ethyl alcohol have been found by employees from a customs mobile group in a garage in the town of Aksakovo, Varna district. The inspection is in the framework of the strengthened control of the Customs Agency against the unauthorized production and trade in excise goods in the Black Sea area, BTV explained.

The Government will approve under an emergency ordinance a number of tax changes, including an increase from 2 percent to 3.5 percent of the share of the personal income tax that may be allotted to non-governmental organisations and religious denominations, providers of social services accredited with at least a licensed social service, Prime Minister Viorica Dancila said on Thursday.

Specialized operations against the smuggling of excise goods in the country continue, the Ministry of Interior announced on 21st of February. Trading establishments and homes in Byala Slatina, Lyubimets, Harmanli, Dimitrovgrad and Kotel were checked.

''In the three-year fiscal framework by 2021, we do not plan to change excise duties.'' This is what Minister of Finance Vladislav Goranov said after presenting the results of a cigarette smuggling research.

For 10 years - from 2007 to 2016, illegal cigarette trade in Bulgaria has accumulated revenues for the criminal world between 2.5 and 3.5 billion leva, a report by the Institute for Market Economics (IME) writes.

Cigarettes will have new prices and new excise labels. The prices of some brands have already risen, reports bTV

The reason for the surge is the changes in excise duty on tobacco products. The most common cigarettes that cost 5 leva will reach 5.20 leva. However, this is increase in price is also for the lower class brands.

The Supreme Administrative Prosecutor's Office has initiated checks following media publications that school students consumed foods and drinks containing ingredients dangerous to the health, the Prosecutor's Office said on 5th of October.

National Revenue Agency (NRA) collected more than BGN 3 million of outstanding debts after it introduced permanent monitoring on the liabilities of traders in liquid fuels and owners of licensed excise warehouses.

Tobacco products and bottled alcoholic beverages will be sold with a new excise label from 1 January 2018. In accordance with Art. 64, para. 6 of the Excise Duties and Tax Warehouses Act the new labels have been approved by the Minister of Finance three months before their entry into force and the orders for their approval have been published in the State Newspaper, 77 of 26.09.2017.