Sofia Residents Reap Over BGN 4 Million in Savings on Local Taxes for 2024
Sofia residents who have dutifully paid their local taxes for the year 2024 have collectively pocketed a substantial sum, saving a remarkable BGN 4,678 million by April 14
The visit of Bulgarian tax investigators to several posh upmarket districts around Sofia in helicopters last week has been described by the prime minister as "a snapshot" of the country's transition from communism to market economy.
"The sights that we saw from the helicopter paint a picture of the transition and what happened in Bulgaria over the last twenty years," Boyko Borisov said on Sunday.
His comment was in response to criticism by Socialist President Georgi Parvanov, who called the tax authorities raids "PR campaigns" and called on the government to "reveal who earned what during the transition period."
"The National Revenues Agency deserves to be congratulated for its courage because no one dared to enter these properties over the last twenty years," Borisov said.
In his words the ruling party GERB has the strength to take this step because "it is the only party, which has not taken advantage of its powers".
Bulgarian tax investigators visited several posh upmarket districts around Sofia in helicopters last week to see if the value of the luxury real estate, palaces around the capital of the poorest EU country, tallied with the owners' official revenues.
Opponents however have expressed doubts that an inventory of luxury real estate will generate huge tax revenues.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
In a recent interview on Nova TV, former Minister of Economy Bogdan Bogdanov expressed skepticism regarding Bulgaria's prospects of entering the Eurozone at the outset of 2025
The path to Eurozone accession for Bulgaria may see a significant milestone in 2025, albeit not at the outset of the year, according to Dimitar Radev, the governor of the Bulgarian National Bank (BNB)
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022