Bulgaria Authorities to Verify Legitimacy of Individual Wealth over BGN Half M

Business » FINANCE | February 26, 2009, Thursday // 00:00| Views: | Comments: 2
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Bulgaria Authorities to Verify Legitimacy of Individual Wealth over BGN Half M: Bulgaria Authorities to Verify Legitimacy of Individual Wealth over BGN Half M In May and no later then June, the Bulgarian Interior Ministry, DANS and the NRA are going to begin check-ups of individuals whose wealth exceeds BGN 500,000, the EU Affairs Minister Gergana Passy informed. Photo by Nadya Kotseva (Sofia Photo Agency)

In May and no later then June, the Bulgarian Interior Ministry, the State Agency for National Security (DANS) and the National Revenue Agency (NRA) are going to begin check-ups of individuals whose wealth exceeds BGN 500,000, the EU Affairs Minister Gergana Passy informed.

Passy presented Thursday, the schedule of measures in the justice and internal affairs sectors, already approved by the Cabinet.

The check-ups will have the goal of establishing the legitimacy of those revenues and will be conducted through the documentation on file at the above institutions. The exact number of those individuals is yet to be determined.

The Minister pointed out that the check-ups were not going to include businesses, but could do so later, if the measure proved successful.

"The action would not have a propaganda or punitive connotation; it would only verify how the property and the money correlate with the paid taxes and the profits acquired by a certain individual," Passy said.

By mid-March the new Act is going to be discussed by the Parliament.

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» To the forumComments (2)
#2
CJB - 26 Feb 2009 // 21:41:07

"The Minister pointed out that the check-ups were not going to include businesses, but could do so later, if the measure proved successful."

I expect a rush of applications to register new "phantom" companies prior to the start of these "verification" procedures...

#1
Buddy - 26 Feb 2009 // 20:07:58

The first to be cheked will be Solomon Passy the Great! The check will show that the former Mathematician, who got a salary until 1989, and drove a Trabant, had nothing until 1989 but his Trabant and his antifascist father, did not get a salry from 1990 at all as the self proclaimed had of the Atlantic Club, but lived in donations. In the cours of his tremendous work however he had accumulated such an knowledge and wealth, over the last 15 years... applying the very simple formula "2+2 equals 5 or 6 if 'The Great' gets or takes money and 2+2 = 1 if The Great, pays money". Applying such a formula was all the times legitimiat because money was coming from the funds of... Mr. Sopolana, Mrs.Giordanos, Mr. Berlsucanos,Mr.Blaris, Mr. Humeris or Mrs.Alemanis and Secretary Generalis, some of the Donors unfortunately passed away and are not able to proove anything.
So Mrs. Passy should quit immediately her job and an inquiry should be initiated on how she got that position at all, and an immediate disclosure of her sudden rocketing into the seat of a deputy foreign Minister occured. Bulgaria does not need kings dish lickers...

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