Bulgaria - another tobacco tax increase in the draft 2011 budget..

As part of the draft 2011 budget the Finance Minister Djankov has proposed a smoking-tobacco excise tax increase from BGN100 (69.82 USD) to BGN152 (106.11 USD) per kg .

It is interesting to note, just a few days ago a Bulgarian a politician, Petko Atanasov, wanted to lower tax on cigarettes to reduce contraband..

Cigarette excise was increased earlier this year. Bulgaria - grace period over, increase in tobacco tax starts Thursday, April 1, 2010..

Reference: Bulgarian Govt Strikes Deal with Business for 9% VAT in Tourism, Novinite.com (Sofia News Agency), 9/28/2010.

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