Bulgaria set to increase cigarette excise duties in 2016

Bulgaria’s Cabinet approved the timeline for increasing excise duties on cigarettes to meet minimum EU thresholds, with the first hike scheduled for January 1 2016, the government’s media service said on November 11.A 2011 EU directive requires EU member states to increase cigarette excise duties to at least 90 euro (or about 176 leva) for 1000 cigarettes by January 1 2018. Bulgaria uses a combination of fixed and ad valorem rates, which, under current legislation, is required to total no less than 148 leva (about 75.7 euro) for 1000 cigarettes.

 

http://sofiaglobe.com/2014/11/11/bulgaria-set-to-increase-cigarette-excise-duties-in-2016/