Bulgarian Revenue Agency Hits on Law-breaking Gas Stations

Business » FINANCE | January 11, 2011, Tuesday // 14:38
Bulgarian Revenue Agency Hits on Law-breaking Gas Stations: Bulgarian Revenue Agency Hits on Law-breaking Gas Stations Gas stations in Bulgaria, which failed to connect their cash registers with the Revenue Agency, face closure and fines up to BGN 10 000. File photo

Teams from Bulgaria's National Revenue Agency (NRA) closed Tuesday, in the course of two hours, over forty gas stations across the country.

The reason for shutting these stations down is the fact they failed to connect their cash registers with the NRA information system, as mandated.

The Agency informs some of these stations did not even open for business because they knew they would violate the law over the failure to send electronic data for their sales.

Tax agents are carrying out 400 such checks in Bulgaria now. Starting Tuesday, each gas station should automatically transmit data for the daily revenues without the knowledge of the owner at what exact time this is done. In addition, NRA will have real-time access to each cash register installed at any gas station.

The checks, involving all gas stations in Bulgaria, are to conclude in the next few days. Violators face closure and fines up to BGN 10 000.

NRA data shows that currently about 3 000 gas stations across the country report a total of BGN 400 M in monthly turnover.

All businesses, registered to pay Value Added Tax (VAT), are mandated to connect their cash registers with NRA by the end of September 2011, while by April 2012, all cash registers in Bulgaria must be connected to the Agency.

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Tags: gas stations, cash registers, National Revenue Agency, NRA, closure, fines

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