Bulgaria: What Taxpayers Need to Know After the Euro Changeover
The annual campaign for filing personal income tax returns under Article 50 of the Personal Income Tax Act is underway
Tax inspectors have established that the owners of luxury vehicles in Bulgaria owe extra BGN 1.1 M in taxes to the state.
So far, 31 out of the ordered 148 audits dealing with the revenues of owners of luxury cars have been completed, the National Revenue Agency (NAP) informs.
Since the end of last year, more than 1800 inspections of owners of luxury cars have been conducted.
During the inspections, 21 owners made corrections to their declarations, stating to NAP their actual revenues, which had been established by officials during the audits.
So far, figures show that owners of luxury cars in Plovdiv owe the largest amount in additional taxes to the state.
Only nine audits in Plovdiv have established BGN 350 000 payable in additional taxes, with just one of the owners having to pay BGN 252 000.
The eleven audits completed in Sofia so far have established the owners of luxury cars owe BGN 326 000 in additional taxes.
In 2024, about 68% of households across the European Union were owner-occupied, a slight decline from 69% in 2023, according to Eurostat data. The remaining 32% of the EU population lived in rented homes, up from 31% the previous year.
Retail trade in Bulgaria continued its strong momentum at the end of 2025, standing out among European Union countries as one of the top performers, according to Eurostat data.
Between 2019 and 2023, Bulgaria’s industrial sector has experienced a significant contraction, with roughly 104,557 jobs lost, nearly half of them in the processing industry, amounting to almost 15% of the country’s industrial workforce
The initial drilling effort in the Han Asparuh block (offshore oil and gas exploration area) of the Bulgarian Black Sea, named Vineh-1, did not uncover significant natural gas reserves, according to Offshore-energy
French President Emmanuel Macron’s top diplomat, Emmanuel Bonne, traveled to Moscow on Tuesday to meet with Russian officials, aiming to discuss key issues, with Ukraine at the forefront.
From February 1, 2026, Bulgaria officially completes its transition to the euro, which now serves as the country’s sole legal currency.
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