Bulgarian Customs Boast Outstanding Results in Sept

Bulgarian Customs head Vanyo Tanov (left) pictured with US Ambassador James Warlick. Photo by BGNES

Bulgaria's Customs Agency said it raised 101.2% of the revenues that it planed to collect in September 2010.

The Agency brought a total of BGN 619 M to the state budget, which is BGN 52 M, or 9%, more than in September 2009.

The income from VAT on imports was BGN 236 M, 23% up (BGN 45 M) year-on-year; from customs duties – BGN 15 M, 21% increase compared with September 2009; from excise taxes – BGN 368 M, an increase of 1%.

In September 2010, the Customs registered the largest revenues they collected in the past 17 months.

For the first nine months of 2010, the Customs Agency has raised a total of BGN 4.682 M, which is 71% of the planned customs revenues for the year, according to the revised 2010 State Budget Act (the budget law was revised in June).