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Sat, Feb 11 2012
Bulgaria moots higher excise on beer
Photo: Assen Tonev
Bulgaria’s Finance Ministry was considering an increase in the beer excise duty, sources familiar with the issue told Dnevnik. No details have been agreed yet and the Finance Ministry was not available for immediate comment.
According to proposed amendments to the excise legislation, which were passed by Parliament at first reading, a higher excise duty will only be imposed on cigarettes. Finance Minister Simeon Dyankov said in October that the gambling tax might also be increased. His earlier proposal for a higher excise on spirits was rejected by Prime Minister Boiko Borissov.
Currently, the excise duty on beer is 1.50 leva a hectolitre/degrees Plato, ranging from 0.075 to 0.082 leva a bottle.
The Union of Brewers in Bulgaria (UBB) were taken unawares of the news, saying they have not been approached on the matter. If realised, the plans will deal a heavy blow to local breweries and related sectors, deepening the stagnation prompted by the economic meltdown that dragged down beer sales by 10 per cent in the first nine months of the year, UBB chief secretary Ivana Radomirova told Dnevnik.
The move could pull the plug on investments in the brewing industry, setting off a wave of job cuts, UBB said.
Source: Dnevnik
According to proposed amendments to the excise legislation, which were passed by Parliament at first reading, a higher excise duty will only be imposed on cigarettes. Finance Minister Simeon Dyankov said in October that the gambling tax might also be increased. His earlier proposal for a higher excise on spirits was rejected by Prime Minister Boiko Borissov.
Currently, the excise duty on beer is 1.50 leva a hectolitre/degrees Plato, ranging from 0.075 to 0.082 leva a bottle.
The Union of Brewers in Bulgaria (UBB) were taken unawares of the news, saying they have not been approached on the matter. If realised, the plans will deal a heavy blow to local breweries and related sectors, deepening the stagnation prompted by the economic meltdown that dragged down beer sales by 10 per cent in the first nine months of the year, UBB chief secretary Ivana Radomirova told Dnevnik.
The move could pull the plug on investments in the brewing industry, setting off a wave of job cuts, UBB said.
Source: Dnevnik
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Gerb admin means more excise on tobacco and alcohol and residency taxes..and higher public transport cost
At last Bulgaria joins the world of modern democracy. If the public like something - tax it. If they don't like something - make it compulsory under law - then tax it.
Oh my God......no, please dont put up the excise duty Mr Borissov, clobber the casinos by all means, you cant drink all those Mitsubushis parked at funny angles on the pavements, hit the smokers (I want to quit!), but please leave our beloved Shoumensko alone and dont even consider imposing any duty on the ancient art of village rakiya making ;-)