Bulgarian Customs Boast Decent Revenues in 2010

Bulgarian Customs Boast Decent Revenues in 2010

Bulgaria's Customs Agency will raise a total of BGN 6,6 B in 2010 from VAT, excise and import duties, according to preliminary data released Wednesday.

If this forecast proves correct, the customs will meet 100% of their projected revenue for 2010, and will collect BGN 250 M more for the state budget than they did in 2009.

The total income from VAT on imports is expected to reach BGN 2.877 B, which is BGN 500 M more than in 2009.

The 2010 revenue from excise taxes is estimated to be about BGN 3.6 B, and the revenue from customs duties will reach BGN 117 M.

The total 2010 income from excise fees on fuels amounts to BGN 2.237 B, an increase of BGN 22 M year-on-year. The Customs Agency has refunded to businesses a total of BGN 443 M in 2010, up by BGN 66 M compared with BGN 377 M in 2009.

After the refunds are subtracted, the total net income from excise on fuels amounts to BGN 1.794 B, which is actually BGN 43 M less than in 2009.

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.