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The head of the Bulgarian National Revenue Agency, Krasimir Stefanov, said he expected BGN 3 M from checks of musicians. Photo by BGNES
The Bulgarian National Revenue Agency has announced it will collect about BGN 3 M after 12 checks of 24 popular musicians.
At a meeting of the Commission for corruption fight and conflict of interests on Thursday, the head of the National Revenue Agency (NAP), Krasimir Stefanov, said that only one check on the Bulgarian football players is almost over and it has showed tax evasion of more than BGN 100,000.
Stefanov also said that the inspection on Bulgarian football clubs has brought to the state treasury more than BGN 8 M.
"NAP has returned BGN 500 M in VAT to the business from the beginning of the year," Stefanov said.
He also explained that for the moment, the retentions of VAT amount to about BGN 200 M. In his words, this is a level that the agency has not reached since 2004.
Stefanov also added that the VAT that needs to be returned to companies only for August was with BGN 1 B more than last year.
Representatives of the hotel and restaurant sector in Bulgaria are calling for a reduced VAT rate of 9%, arguing that rising fuel prices are putting serious pressure on their businesses.
Former Bulgarian national team captain and long-time Bulgarian Football Union (BFU) president Borislav Mihaylov has died at the age of 63 in Sofia
Bulgaria produced a commanding 10:2 victory over Solomon Islands in their opening FIFA Series 2026 match in Indonesia, recording their most emphatic win in the 21st century and the second-highest scoring result in the country’s football history
German football referee Pascal Kaiser was hospitalized over the weekend after being assaulted outside his Cologne home, his lawyer confirmed to local media on Monday. Kaiser shared a photo of his bruised face on Instagram, highlighting the severity of the
Bulgarian champions Ludogorets are aiming for a historic first home victory against a French side when they host Nice in their final group-stage match of the Europa League on Thursday at 22:00.
A somber moment for Bulgarian sport: Dimitar Penev, one of the most celebrated figures in the history of Bulgarian football, passed away this morning at the age of 80 after a prolonged illness
The Ministry of Finance has released a broad public dataset covering more than 7,000 public procurement contracts with a combined value exceeding 30 billion euros
Caretaker Finance Minister Georgi Klisurski said he expects fuel prices at gas stations to ease in the coming period, pointing to a sharp decline in international oil markets
Bulgaria’s new government borrowing for 2026 has surpassed the 1 billion euro mark following the latest successful auction of state securities, according to data cited from the Bulgarian National Bank
Bulgaria recorded only a modest and one-off increase in inflation following the adoption of the euro on January 1, with the effect estimated at between 0.3 and 0.4 percentage points
Data released by the Ministry of Finance, covering budget execution for February 2026 and preliminary estimates for March 2026, indicate a marked deterioration in Bulgaria’s fiscal position
In the 2026 edition of the Index of Economic Freedom, compiled by the Heritage Foundation, Bulgaria is placed 38th out of 176 countries, positioned between Costa Rica and Oman
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
