From 2027, the State Is Preparing a Serious Excise Tax on Powerful Cars
9 Articles
9 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 government will exclude electric vehicles from the excise tax for passenger cars with a power of 250 kW and above. This was announced by Deputy Minister of Finance Lyudmila Petkova on BTV. “It turned out that in electric cars the power itself is supplemented by the batteries and higher kilowatts are obtained. We will exclude them from excise taxation, just as […]
New car dealers have spoken out against the increase in excise duty on powerful cars. The proposed changes to the tax laws stipulate that cars with a power output of over 250 kW will have to pay an excise duty of 10,000 euros, to which 10 euros are added for each kilowatt...
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.
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