The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Customs revenue growth accelerates in October.

Customs revenue growth accelerates in October. Revenues from import and excise charges collected by the customs authorities increased by 33% y/y in October and 30% y/y in Jan-Oct following some slowdown in the growth rate in Q3 driven by administrative changes mainly. As of July 1 this year, the customs authorities expanded the coverage of their excise tax collection to both imported and locally produced goods. The process has brought some delays in the payment of excise taxes on imported goods but the wider taxation base generates significant one-effects in the customs statistics and their impact will increase in the upcoming months. The total amount of revenues, including VAT, tariffs, fees and other charges on imports as well as excise charges collected by customs offices, has reached BGN 5.68bn (EUR 2.9bn) in Jan-Oct accounting for 94% of the full-year plan and 12.5% of the projected full-year GDP.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree