Bulgaria set to increase cigarette excise duties in 2016
Bulgaria’s Cabinet approved the timeline for increasing excise duties on cigarettes to meet minimum EU thresholds, with the first hike scheduled for January 1 2016, the government’s media service said on November 11.A 2011 EU directive requires EU member states to increase cigarette excise duties to at least 90 euro (or about 176 leva) for 1000 cigarettes by January 1 2018. Bulgaria uses a combination of fixed and ad valorem rates, which, under current legislation, is required to total no less than 148 leva (about 75.7 euro) for 1000 cigarettes.
http://sofiaglobe.com/2014/11/11/bulgaria-set-to-increase-cigarette-excise-duties-in-2016/
Related Posts
Resident fined MOP5,000 for tobacco smuggling
Macau -- A Macau resident has been discovered by the Customs Service (SA)...
Police bust alleged illicit tobacco importation gang
Melbourne - Police have seized more than $8 million of assets after busting an...
Revenue ‘making gains’ against cigarette smuggling
The Irish Cancer Society says the Revenue Commissioners have made significant...
Curbing the menace of imported fake products
Fake and substandard products keep streaming into the country despite the army of...