Bulgarians Face 3 Years of Jail over Unpaid Insurance

Business | June 5, 2010, Saturday // 13:13
Bulgarians Face 3 Years of Jail over Unpaid Insurance: Bulgarians Face 3 Years of Jail over Unpaid Insurance About BGN 900 M from insurance contributions are missing at the National Revenue Agency over failures of many Bulgarians and Bulgarian businesses to make benefits payments. File Photo

Bulgarians who persistently fail to make contributions to their health and other benefits could face up to three years behind bars.

The information was reported Saturday by the Bulgarian daily “Monitor,” citing the Minister of Labor and Social Policy, Totyu Mladenov.

The issue had been discussed Friday during a meeting of the so-called Three-Way Council for Social Collaboration between the cabinet, the labor unions and the employers with only the latter opposing the proposal.

Experts from the labor unions say about BGN 900 M from insurance contributions are missing at the National Revenue Agency (NRA).

Meanwhile, the balance sheets of the National Social Security Institute (NOI) show that insurance deposits must go up anywhere between 6% and 9% in order to plug the deficit gap of BGN 2.1 B.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: insurance contribution, insurance policy, NRA, NOI, Totyu Mladenov
Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria