Winter Tourism: 1.8 Million Visit Bulgaria
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Bulgaria's Finance Ministry announced that each year around 1.2 million tonnes of diesel are not declared to the revenue agencies, which amounts to 36.2 % of the fuel consumption in the country.
The Ministry estimates that the losses to the budget from tax evasion and avoidance of excise duties amount to BGN 1.1 – 1.2 B, electronic daily Dnevnik reports.
In order to tackle these problems, Bulgaria established a connection between the National Revenue Agency (NAP) and the customs and introduced a system monitoring the fuel quantities at petrol stations.
However these measures, which were introduced in the beginning of 2013, have decreased the sales of fuels with unpaid excise duties and Value Added Tax (VAT) with only 6-7 %.
Around 30 % of consumed fuels continue to be sold without being taxed.
The supplies to recipients from the sectors of agriculture and transport, which are the largest consumers of diesel, remain most susceptible to such malpractices.
The Finance Ministry hopes that revenues will increase through the adopted amendments to the VAT Act, which entered into force on January 1.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
Experts suggest that Bulgaria's admission to the Eurozone is more realistic in January 2026
February witnessed a surge in remittances from Bulgarians residing abroad, reaching a remarkable EUR 110.5 million, marking the highest value since last July
Amidst financial fluctuations and strategic fiscal decisions, Bulgaria's Minister of Finance, Lyudmila Petkova, unveils the nation's robust fiscal reserve, standing tall at BGN 10.9 billion as of April 18th
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022