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.

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