BIA PROPOSALS ON THE DRAFT AMENDMENTS TO THE TAX LAWS SUBMITTED FOR DISCUSSION IN THE NCTS

BIA sent its proposals for amendments to the Value Added Tax Act, the Corporate Income Tax Act and the Excise Duties and Tax Warehouses Act to the minister of labor and social policy and chairman of the National Council for Tripartite cooperation.

On Amendments to the Law on Excise Duties and Tax Warehouses:

• To introduce an exception for the introduction in the country of excise goods for Bulgaria, which are not subject to excise duty in the country of departure, as the sender could not neither issue a simplified accompanying document, nor a registered electronic simplified administrative document, nor acquire the status of a certified consignor for goods that are not excise duty in his country.
• Suspension of excise duty on so-called dual-use energy products, such as organic solvents used for production purposes.

On Amendments to the Law on Value Added Tax:

• Reduction to 9 percent of the rate of food tax, excluding alcoholic beverages.

On Amendments to the Law on Corporate Income Taxation:

• BIA supports the draft Law on Amendments to the Corporate Income Tax Act, which was prepared in order to introduce requirements imposed by European Union law, as well as to improve tax legislation.