IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
Audits at 615 companies in northeastern Bulgaria have uncovered unpaid tax and social security dues of BGN 84 M by mid-May 2012.
68% of the audits conducted by inspectors at the Control Directorate of the National Revenue Agency (NRA) office in the Black Sea city of Varna detected over BGN 10,000 in unpaid dues.
The inspectors found that the majority of the unpaid dues, BGN 20 M, had been incurred by retailers, while the construction sector was found to owe an extra amount of over BGN 10 M to the state budget.
The audits of cereals producers and traders resulted in 48 inspection certificates stating unpaid dues of over BGN 9 M.
The audits of companies based in northeastern Bulgaria revealed over BGN 61 M in unpaid VAT and BGN 11 M in unpaid corporate tax.
At the same time, a total of 125 audits of natural persons detected BGN 5 M in concealed income.
To secure the payment of the unpaid dues, the tax authorities froze movable and immovable property and bank accounts of the debtors.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
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
In a chilling turn of events, the lifeless body of a man was discovered in Sofia's "Zapaden Park" yesterday, as reported by NovaTV
In a tragic turn of events, a 57-year-old man fatally assaulted a 42-year-old woman in her Cherven Bryag home before taking his own life in another residence
In Stara Zagora, Bulgarian authorities apprehended a 35-year-old man who attempted to bribe traffic police with a BGN 20 banknote
An organized criminal group comprising Bulgarian citizens has been implicated in what authorities describe as the largest welfare fraud scheme in the legal history of Great Britain
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022