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Bulgaria MPs Impose Hefty Fines on Cigarette Sales Violators November 29, 2009

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Bulgaria Parliament Imposes Hefty Fines for Cigarette Sales Violators: Bulgaria MPs Impose Hefty Fines on Cigarette Sales ViolatorsAfter voting Thursday to hike gambling and cigarette taxes, the Bulgarian MPs decided Friday to impose steep penalties for those selling cigarettes without a VAT registration. Photo by BGNES

The Members of the Bulgarian Parliament decided Friday to impose hefty fines on cigarette merchants not registered to pay VAT.

The move involves businesses that have a turnover of more than BGN 50 000, are not Value Added Tax (VAT) registered, but store, offer and sell cigarettes.  READ ON