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Bulgaria plans drastic tobacco, fuel excise hikes in 2008

Date: 31.10.2007

Bulgaria's draft budget bill includes drastic hikes to excise duties on tobacco and fuels, but will leave alcohol duties unchanged, it emerged on Monday.

Cigarette duties will rise by 34% starting from January in the first step of a three-year programme that will see the duty rise to EUR 64 per thousand cigarettes by 2010, from the current EUR 31.

The average duty hike for fuels will be around 10%, with lower increases imposed on fuels with higher biofuels content and higher for the more polluting kinds. Excise duties on coals will rise by 33 %.

No excise duties will be imposed on electricity for household consumption, but the duties on electricity for industrial needs will rise by 20%.

Despite considering an increase in the duties imposed on alcoholic and coffee beverages, none will go into effect next year, according to the budget bill drafted by the Finance Ministry, which was presented to employer organisations and trade unions on Monday.

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