Excise
Gov’t proposes strict measures to complete program review
The economic team of the Greek government is expecting the answer of the institutions on whether the new measures proposed are sufficient or even more strict measures would be required.
Indian jewelers calls off strike; gold imports to rise
Indian jewelers called off a 19-day strike late on March 19 after government assured they will not be "harassed" by the excise department in collecting a new tax, the head of a trade body told Reuters.
Bulgarian Customs Seize 16 T of Cut Tobacco at Kulata Crossing
The Bulgarian customs have thwarted an attempt to smuggle 16.2 tonnes of cut tobacco for smoking across the country's border with Greece and save BGN 2.5 M (EUR 1.27 M) in excise duty.
The tobacco had been discovered by customs officers in a Bulgarian-registered truck at Kulata crossing on the border with Greece, the National Customs Agency said in a statement on Monday.
Bulgaria Police, Customs Crack Down on Illegal Cigarettes Factory
An illegal cigarettes factory was found on Saturday in the town of Lukovit, Northern Bulgaria, police say.
In a specialized action conducted jointly by the Interior Ministry, the Customs Agency, and the Chief Directorate for Combating Organized Crime (GDBOP), police discovered production and storage facilities, equipment, cigarette boxes, and around 13 tons of tobacco.
Bulgarian Customs Agency Collected BGN 8.1 B in Revenues in 2015
The Bulgarian customs agency collected a total of BGN 8.1 B in revenues in 2015, which was the largest amount collected in the past seven years.
This is revealed by the annual report of the agency published on Tuesday.
Among the main challenges of the customs agency in 2015 were the falling prices of oil on world markets, the migrant influx and the contraband of cigarettes.
Higher excise duties on fuel, alcoholic drinks as of Jan. 1
The first day of the New Year will see a rise in excise duties on fuel and alcoholic drinks, Tanjug is reporting.
However, "for now there is no fear the price of fuel would go up at the very start of the year," the agency said on Thursday.
Bulgargaz Proposes to Cut Gas Price by 2.1% for Q1'2016
Bulgargaz proposed on Thursday to cut natural gas price for consumers by 2.1% for the first quarter of next year.
New car excise duties with tax amounts according to mileage
An increase to car excise duties is being examined by the Ministry of Finance. The new rules being considered will charge car duties according to mileage as well as a reduction (but not abolition) of the annual rate that car owners pay.
Car excise duties could shoot up by 200 euros for large cars
New rules for excise duties for cars are turning into a headache for the Greek government due to the fact that there is no database for passenger cars to be taxed according to their merits. The government hopes to scrape 200 million euros from car owners in 2016, but this cannot be done until new excise duties are announced.
Bulgaria's Parliament to Discuss Increase in Excise Duty on Cigarettes
Bulgaria's parliamentary committee on budget and finance will discuss Thursday a proposed increase in the excise duty on cigarettes.
The measure is envisaged in a set of amendments to the Excise Duties and Tax Warehouses Act, according to reports of the Bulgarian National Radio.
As of 2016, the excise duty on cigarettes will start increasing, pushing up cigarette prices.