AmCham Position on the Excise Taxation Policy in Bulgaria, September 23, 2013

Position Paper

In view of the ongoing preparation of the 2014 budget framework, as well as the public consultation on the Bill for amendments of the Excise Duties and Tax Warehouses Act (the Bill), we would like to inform you that AmCham Bulgaria formally submitted an opinion on the Bill. The opinion includes several recommendations for improvement of the current taxation framework among which are:
– development of a clear, well-planned, and long-term excise taxation policy which will ensure predictable and stable market environment;
– introduction of specific tax calendar into the Bill which will outline forthcoming excise changes up to year 2018 thus allowing better predictability and forecasting of mid- and long-term budget revenues for the upcoming five years;

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