Bulgaria To Raise Four Excise Duty Rates from 2012

Bulgaria To Raise Four Excise Duty Rates from 2012

The Bulgarian parliament approved on Thursday the country's final 2012 tax and excise framework, providing for a raise in four fuel excise duty rates.

The excise duty on gas oil and kerosene will increase from 630 levs ($432/322 euro) to 650 levs per 1,000 litres from January, local newspaper Sega (www.segabg.com) reported.

In June, Bulgaria will introduce for the first time an excise duty on methane that will amount to 0.85 levs per gigajoule, while the excise duty on natural gas used for industrial heating purposes will be set at 0.1 levs per gigajoule. The natural gas used for household purposes, however, will be exempt from excise duty.

The parliamentary majority from the ruling center-right GERB party rejected a proposal from DSB leader Ivan Kostov to postpone the increase in the excise duty rates due to the current financial crisis. However, the adopted tax amendments are lower than the initial suggestions for doubling the excise duty on methane and natural gas.


Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.