09.09.2013

The representatives of the Commission on Insurance Relations and the Budget Policy Commission of the National Tripartite Council (NTC) supported the drafted by the Ministry of Finance Law Amending the Tax and Social Insurance Procedure Code providing for changes improving the single account and for introduction of the reverse charge of VAT mechanism for cereals and industrial crops, Deputy Minister of Finance Lyudmila Petkova announced in a briefing after the meeting. She added that the draft was to be discussed also at a meeting of the NTC.  

The tripartite dialogue partners united around the proposal to convene a meeting of the NTC to discuss the functionality of the single account for payment of taxes and mandatory social security contributions and the effects of its introduction. The trade unions again expressed their position in principle that social security contributions should not be used to repay tax liabilities.

To a question asked by journalists whether the excise duty rates for cigarettes and alcohol would be increased, Lyudmila Petkova specified that no such increase was planned for 2014. The only change for 2014 is related to the introduction of new banderols for tobacco products and alcoholic beverages.