Bulgaria Introduces Staggering Cigarette Tax Hike
Bulgarian smokers will have to swallow a raise in excise duties on cigarettes and their prices as of January 1, as the government struggles to curb smoking and relieve the health care system.
Under a decision that the parliament took at the end of November, a BGN 101 excise duty for 1000 cigarettes is introduced instead of the previous BGN 41, while the proportional tax is 23% of the sales price instead of 40,5%. The latter will affect mostly expensive cigarette brands.
The tax for tobacco for pipes and cigarettes is set at BGN 100 per kg.
The new duties increase the price of a pack of cigarettes anywhere between BGN 1,10 and 1,40 making the price of the best-selling “Victory” brand BGN 5 instead of the current BGN 3,40.
Opponents to the tax hike claim that it will boost cigarette smuggling and may lead to the bankruptcy of the dominant state cigarette maker Bulgartabak.
Bulgaria has the second highest percentage of smokers in Europe and plans to ban smoking in all public spaces as of June next year.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
- » Public Transport in Sofia will Not Stop Tomorrow but there will be Heavy Traffic due to Protests
- » Are Your Passwords Safe?
- » World Bee Day - Opportunity to Discuss the Challenges of Bee Preservation and Activities for their Survival
- » COVID-19 in Bulgaria: 362 New Cases in the Last 24 hours
- » Eurovision: The 12 Points from Romania to Moldova actually went to Ukraine
- » Bulgaria: The Relocation of Ukrainian Refugees to Departmental Accommodations has Begun