Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
The tax agents of the Bulgarian National Revenue Agency in Sofia have uncovered tax evasion and fraud to the combined total of BGN 441.5 M, the institution announced Thursday.
These results are from tax inspections in the Bulgarian capital between January 1 and April 30, 2012.
Of the total tax evasion sum, the major share – estimated at BGN 353 M – comes from VAT fraud, while the tax inspectors also prevented the illegal allocation of tax credit worth BGN 12 M.
The National Revenue Agency also uncovered corporate tax evasion in Sofia worth BGN 55 M, and personal income tax evasion worth BGN 16 M. Unpaid social security fees were found to amount to BGN 4.5 M.
According to the Bulgarian tax authorities, wholesale trade is the most active sector in tax evasion in Sofia – a total of 339 wholesale traders were busted, accounting for almost BGN 150 M. Construction comes in second with BGN 117 M, while retailers' share is substantially smaller – BGN 18.6 M.
"The scope of the uncovered violations is worrying. That is why there is no sector of the economy that will slip from our sight. There will be no peaceful sleep for those violating the law and incurring losses to the state budget," declared Boyko Atanasov, directorate head at the NRA in Sofia.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Varna Court of Appeal has upheld a life sentence for the horrific murder of Silvia S., a woman from the Shumen village of Chernoglavtsi, marking a tragic end to a story of domestic violence that gripped the nation
Bulgarian journalist Dimitar Stoyanov finds himself embroiled in controversy after being detained by authorities for 24 hours on charges of hooliganism and threatening behavior with a weapon
In Bulgaria, a stark reality persists regarding domestic violence, as highlighted by Assoc. Dr. Aleksey Pamporov from the Institute of Philosophy and Sociology at the Bulgarian Academy of Sciences
Bulgarian authorities found themselves grappling with a peculiar case involving a 60-year-old Ukrainian woman
In a pioneering initiative to address road safety, a new campaign will see road offenders receiving letters from relatives of those who lost their lives in accidents
Bulgaria is grappling with a sharp increase in counterfeit currency, with the Bulgarian National Bank (BNB) reporting a concerning surge in fake banknotes, particularly those of 100 BGN denominations
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022