Send to Kindle
Bulgaria’s Revenue Agency Head, Krasimir Stefanov, says tax evasion at the country’s summer resorts is an outrage. Photo by BGNES
The Bulgarian Revenue Agency (NRA) has discovered two new cases of large-scale tax evasion at restaurants on the country’s Black Sea coast, the Agency reports.
The concealed revenues at a restaurant in the southern beach town of Primorsko amounted to over BGN 0.5 M. In addition to tax evasion, the owner will face prosecutor’s charges for disorderly conduct because he resisted the probe. The company will undergo a full audit.
Meanwhile, in the resort town of Obzor, revenue agents found one restaurant with two cash registers and one of them had been tempered with – set back to zero every 10 days. The register has been confiscated. The real revenues were established at BGN 20 000 in just 10 days while the owner declared in 2009 annual income of BGN 40 000 for the entire year.
The NRA director, Krasimir Stefanov, said his employees encounter outrageous cases of tax evasion daily and the owners become more and more aggressive, adding such behavior would not be tolerated and vowing to continue probes through the summer season.
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
From June 1, 2025, Bulgaria will fully transition to electronic employment record books
The National Revenue Agency (NRA) recently reported that violations were found in one-third of the commercial establishments inspected in Bulgaria’s mountain resorts
The National Revenue Agency (NRA) in Bulgaria reminds individuals earning income outside of employment contracts to submit their tax declarations and settle any owed taxes by April 30
During recent inspections in Bulgaria's winter resorts, tax authorities uncovered several establishments failing to issue proper sales receipts
The National Revenue Agency (NRA) has announced measures to strengthen control over goods with high fiscal risk in Bulgaria following the country’s entry into the land Schengen area
In April 2025, Bulgaria recorded a current account deficit of 724.9 million euros, marking the largest monthly shortfall since January 2022
With Bulgaria set to adopt the euro on January 1, 2026, questions are surfacing about whether the country might face financial risks similar to those that led to Greece’s debt crisis
The introduction of dual pricing in leva and euro is progressing smoothly and, in some cases, even ahead of the planned timeline in Bulgaria
Annual inflation in Bulgaria accelerated slightly in May, reaching 3.7%
E-signatures have transformed document signing, offering many benefits over traditional paper signatures.
If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe
