The “Customs” Agency reports an increase in revenues from excise duty

The “Customs” Agency reports an increase in revenues from excise duty
The “Customs” Agency reports an increase in revenues from excise duty
BGN 612.0 million in excise revenue in September is reported by the Customs Agency, which is 14.3% more than the revenue for the same month in 2022. The amount is the highest on a monthly basis for the last five years, with the exception of the months in which there is a change in excise rates (June 2019 and March 2023). This is the third month in a row in which an increase in excise revenues is reported. For the nine months, excise revenues reached BGN 4,552.6 million or by BGN 244.9 million. BGN (5.7%) above the revenues for the period January – September 2022.

The growth in excise revenue is due to the greatest extent to the higher receipts from excise for tobacco and tobacco products and to the increased economic activity of taxable persons. A positive trend from the last two months has also been observed in the receipts from excise tax for gasoline and gas oil exempted for consumption.

In the nine months of 2023, revenues from excise duty for tobacco and tobacco products amounted to BGN 2,430.7 million and marked an increase of 8.7% (BGN 195.0 million) over the declared BGN 2,235.7 million in the period January – September 2022.

During the period, receipts at the Customs Agency from excise duty on alcohol, alcoholic beverages and beer compared to the period January – September 2022 increased by BGN 6.4 million or 2.6%. Revenues from excise duty for fuels during the reporting period was BGN 1,844.3 million, 1.7% (BGN 31.4 million) below the collected BGN 1,875.6 million in the same period of 2022. It is expected that the backlog generated in the first six months will be compensated by the end of the year.

In the month of September 2023, the total revenues administered by the Customs Agency amounted to BGN 1,188.1 million. In the nine months from the beginning of 2023, the Customs Agency collected revenues from excise duty, import VAT, duties, fines and others. in the amount of BGN 9,274.4 million.

The article is in bulgaria


Tags: Customs Agency reports increase revenues excise duty


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