February 25 2020

Amendments to Excise Duties and Tax Warehouses Act – approved by parliament

Source: IBFD Tax Research Platform News

On 19 February 2020, the parliament approved at second (final) reading amendments to the Excise Duties and Tax Warehouses Act. Under the amendments, goods held under CN code 3814 (organic composite solvents and thinners, not elsewhere specified or included; prepared paint or varnish removers) will be considered excise goods. The excise duty rate for these products used as motor fuel will be BGN 710 per 1,000 litres.