From 2027, the State Is Preparing a Serious Excise Tax on Powerful Cars
7 Articles
7 Articles
The new bill that will enter into force in Bulgaria provides for the introduction of a special tax for cars over 340 horsepower, transforming the neighboring country from a tax haven into a "minefield" for luxury car owners. For years, Bulgaria's attractive tax regime served as an oasis not only for its citizens but also for many other residents of the Balkans, as low taxes allowed the acquisition of luxury cars with almost zero fixed costs. Rea…
Owners and lovers of high-performance machines in our country are faced with a serious change in the regulatory framework. The Ministry of Finance has officially presented prepared changes to the Excise and Tax Warehouses Act (ZADC), which will directly affect the segment of fast and expensive vehicles. From January 1, 2027, it is planned to introduce a special excise duty for all passenger cars, the power of which exceeds the limit of 250 kW, w…
The new bill that will enter into force in Bulgaria provides for the introduction of a special tax for cars over 340 horsepower, transforming the neighboring country from a tax haven into a “minefield” for luxury car owners. For years, Bulgaria’s attractive tax regime served as an oasis not only for its citizens but also for many other residents of the Balkans, as low taxes allowed the acquisition of luxury cars with almost zero fixed costs.
The Ministry of Finance's proposal to introduce an excise tax on powerful cars from January 1, 2027 could seriously affect the electric vehicle market in our country.
From January 1 next year, powerful passenger cars with an engine over 250 kW (340 hp) will be subject to a new excise tax. This is stated in the amendments to the Excise and Tax Warehouses Act (ETW), published for public discussion by the Ministry of Finance. The new tax will be due by individuals and legal entities that import or introduce such vehicles into the country, and its aim is to provide additional revenue for the budget and achieve gr…
The government of Rumen Radev proposes introducing an excise tax on cars with engine power over 250 kilowatts. The measure will not apply ...
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