Bulgaria Cracks Down on Online Traders and Influencers in Tax Evasion Sweep
Bulgaria's National Revenue Agency (NRA) has increased its scrutiny of individuals involved in online trading and content creation. In the first half of 2024
Out of all people who have submitted tax returns during the 2010 tax season, 3 Bulgarians have declared revenues of over BGN 10 M, the Director of the National Revenue Agency (NRA), Krasimir Stefanov, informs.
Stefanov, who gave Thursday an account of the 2010 tax season, said that a total of 530 000 people have submitted declarations which is with 13 000 more compared to 2009 while for businesses 30 000 more have declared taxes in 2010.
The NRA Director pointed out that Bulgarian people are becoming more disciplined despite their reduced income in times of crisis and begin to understand that they must pay taxes if they want to live in a normal State. He defined the 2010 tax season as successful.
Stefanov further said that about 100 people are probed by NRA, the police and the National Agency for State Security (DANS) for ties with the alleged members of the kidnappers' crime group codenamed “The Impudent” which was busted in December, 2009.
The probe is being carried out in Bulgaria and abroad while the bank accounts of the suspects are blocked to prevent tax evasion and concealment of assets.
The Bulgarian Ministry of Finance has unveiled the draft budget for 2025, alongside the updated medium-term fiscal forecast covering 2025 to 2028
Thousands of Bulgarian consumers who invested in the British company BETL have reported that the company has stopped paying daily dividends and appears to have ceased its operations.
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Economist Rumen Galabinov has stated that Bulgaria's potential future membership in the Eurozone could significantly benefit the country's economy
The Gross Domestic Product (GDP) for Bulgaria in the third quarter of 2024 grew by 2.4% compared to the same period in 2023
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