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Bulgarian Customs head Vanyo Tanov (left) pictured with US Ambassador James Warlick. Photo by BGNES
Bulgaria's Customs Agency said it raised 101.2% of the revenues that it planed to collect in September 2010.
The Agency brought a total of BGN 619 M to the state budget, which is BGN 52 M, or 9%, more than in September 2009.
The income from VAT on imports was BGN 236 M, 23% up (BGN 45 M) year-on-year; from customs duties – BGN 15 M, 21% increase compared with September 2009; from excise taxes – BGN 368 M, an increase of 1%.
In September 2010, the Customs registered the largest revenues they collected in the past 17 months.
For the first nine months of 2010, the Customs Agency has raised a total of BGN 4.682 M, which is 71% of the planned customs revenues for the year, according to the revised 2010 State Budget Act (the budget law was revised in June).
Representatives of the hotel and restaurant sector in Bulgaria are calling for a reduced VAT rate of 9%, arguing that rising fuel prices are putting serious pressure on their businesses.
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
Romania continues to struggle with VAT collection, falling behind all other EU member states
The European Public Prosecutor’s Office (EPPO) in Munich has led an operation resulting in the arrest of three individuals on April 1 as part of an ongoing investigation into a €50 million VAT fraud scheme
Restaurants in Bulgaria have organized protests to demand a return to the 9% VAT rate for the tourism sector,
Restaurants across Bulgaria are set to temporarily shut down today in protest against the reinstatement of the 20% Value Added Tax (VAT) for the industry
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
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