Банкеръ Weekly

Briefs

ROAD TOLL SHALL NOT BE CHANGED

The ministers have obviously given up the introduction of a vignette system for paying the road toll. This is evident from the final draft bill for amendments to the Act on Local Fees and Taxes, moved to the National Council on Taxation Policy. Last spring the Finance Ministry announced that only a road toll would be charged on cars that are not used for commercial purposes. But the introduction of a vignette system clashed with the shortage of A-class roads.Thus, the only serious change in road tolls is the elimination of taxation in cases when the car is damaged. If an automobile has been stopped from driving due to its technical failure, neither a road toll, nor a tax on the vehicle shall be charged for the remaining part of the year. Currently, the waiving of these taxes is not effected in the year of the accident, but in the following one, on condition the registration stub has been returned. For vehicles, owned by several persons, it will be already enough for only one of them to file a taxtion declaration. The same relief will be also used by the owners of real estates when declaring them. The draft bill attempts also to provide an opportunity for correcting the size of the tax within the year when the taxation evaluation is made. Presently, this is done only in the beginning of the year if the necessary grounds exist.The term report value - i.e. the basis on which the tax on enterprises' non-housing real estates is calculated, is for the first time given a definition, under which this is the value at which the real estate has been entered initially when acquired. As so far, the depreciation of the assets shall not influence the paid tax.The proposal for elimininating the relief for vehicles with catalyzing devices is arguable. The reduction of the tax on such vehicles is double, and the argument for eliminating that privilege is that the catalyzing system of old cars (over 70,000 km) doen not work. About 30% reduction of the tax on all vehicles made after 1994 has been proposed instead.A reduction of the tax for retail trade in beverages and cigarettes in smaller towns and villages is projected as well. The highest rate shall be charged in towns with population over 50,000, while now it concerns towns with population over 35,000. BGN75 will be charged in smaller towns, but the municipalities will be able to vote higher amounts. Mayors of villages shall be entitled to reduce the taxes for retail trade in cigarettes alone. The annual amount of the tax for trade in cigarettes shall be refunded when the activity is cancelled. The proposal for conformity between the size and the period when the trade is going on, has been moved by the leisure industry organisations. The bill's drafters, however, have forgotten that the main problem of retailers in resort settlements is the licence for trade in alchoholic drinks.

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