Bulgarian parliament building, click to enlarge:
November 27, 2009 - The Members of the Bulgarian Parliament decided Friday, November 27th to impose hefty fines on cigarette merchants not registered to pay VAT. The move involves businesses that have a turnover of more than BGN 50 000 (50,000.00 BGN = 38,241.09 USD), are not Value Added Tax (VAT) registered, but store, offer and sell cigarettes.
The fine is set at BGN 15 000 to 50 000, in addition to property sanctions of BGN 50 000 to 100 000 and revocation of the sales license for one year.
Repeat violators face respectively fines of BGN 50 000 to 100 000, property sanctions of BGN 100 000 to 150 000 and 3-year license revocation.
The opposition left-wing declared they are against the move saying it is not based on reality, pointing out it would hurt small village stores, which will not be able to register for VAT.
The MP (Members of Parliament) from the ruling Citizens for European Development of Bulgaria (GERB) party, Menda Stoyanova, countered the measure involves only those who violate the law, adding that from 28 000 facilities in Bulgaria selling tobacco products only 65 have VAT registration.
Reference: Bulgaria MPs Impose Hefty Fines on Cigarette Sales Violators, Novinite.com (Sofia New Agency), 11/27/2009.
Bulgaria related news briefs:
Bulgartabac Chief - cigarette tax increase as of January 1, 2010..;
Bulgaria Bulgartabac Holding Sells 23% of Shares to Mutual Funds..;
Bulgaria - more than 70% of smokers want to quit..;
Bulgaria - cigarette taxes going up each year except 2011..;
Bulgaria - chair of the economic committee in parliament disapproves of planned raise in excise duties on cigarettes..;
Bulgaria and others - smoking ban, increased cigarette taxes, smuggling..;
Bulgaria - Cigarette excise duties will be increased next year..;
Bulgaria - cigarette contraband, government loses BGN 920M yearly..;
Bulgaria - one third of the tobacco products sold are illicit..;
Bulgaria - new government to speed-up Bulgartabac sale..;
Bulgaria - Fake Victory Light cigarettes..;
Bulgaria's tobacco monopoly may be up for sale..;
Bulgarian lawmakers vote to ban smoking in all publc places from June 2010..; Bulgarian tobacco company Sofia-BT exports increase by 541 percent..;
Does Russia own Bulgaria's tobacco monopoly, Bulgartabac..;
EU percent of adults smokers -highest Greece 1 , Bulgaria 2.. - lowest Slovenia..;
Bulgaria - 1 in 3 youths smoke / half of pregnant women smoke..;
PMI training Bulgarian custom officers to stop cigarette smuggling..;
Philip Morris International (PMI) was truly happy they had been back in the Bulgarian cigarette market for a year and had already had 6.8% of market..;
WHO FCTC Protocol to Prevent Illicit Trade in Tobacco Products Won't Be Completed Until End of 2010..;
WHO Report on the Global Tobacco Epidemic 2008..;
Bulgaria Enters 2009 with Cigarette Prices Hike...
Bulgaria is marking Tuesday, November 10, 2009, the 20th year since the internal coup at the Bulgarian Communist Party which led to the crumbling of the communist regime.