site.btaUnpaid VAT between 2000 and 2017 Totals LV 5.8 Bln - Revenue Agency
NW 16:57:01 22-03-2018
LN1655NW.122
122 - ECONOMY - FINANCE - VAT - COLLECTION
Unpaid VAT between 2000 and 2017
Totals LV 5.8 Bln -
Revenue Agency
Sofia, March 22 (BTA) - Unpaid VAT between 2000 and 2017 stands at 5.8 billion leva, National Revenue Agency Executive Director Galya Dimitrova told the press here Thursday denying reports about 16 billion in unpaid VAT in some media outlets. She said, however, that on the backdrop of a 18 per cent growth of the GDP in the past three years, the 33 per cent of budget revenues shows that the economy is "lightening up".
A total of some 200 billion leva in budget revenue has been collected since 2000, said Dimitrova. The receipts in 2017 were by a third more than in 2014.
She explained that the 16 billion leva reported in the press as uncollected VAT in the period under review, is actually the entire volume of VAT after solved tax frauds. This figure includes 5.8 billion in unpaid VAT of which 5.4 billion is non-performing or hard-to-collect debt of people with no assets.
A breakdown by years shows that unpaid VAT in 2017 was four times smaller than in 2011.
Dimitrova said that these figures are no secret and are made public every year.
"VAT frauds are not a Bulgarian thing. It is a problem across the EU. In a year alone, the EU loses 150 billion euro from unpaid VAT. In 2015, seven countries did worse than Bulgaria in this respect and among them were Portugal, Romania and Italy," said the NRA chief.
She went on to say that Bulgaria has set in place a special system for tax fraud prevention after VAT registration which stops the registration of fraudsters. The information from the submitted tax returns is monitored on a monthly basis and special software looks for mismatches.
Dimitrova commended the results from cooperation between NRA and the Interior Ministry, the prosecution office and the Directorate General for Combatting Organized Crime, where it has seconded tax officers. For a fourth year now fiscal control has
NRA wins over 85 per cent of tax disputes at last-instance courts, said also the NRA Director.
Taking a reporter's question, she said that a tax audit at Inercom, the prospective buyer of the Bulgarian assets of Czech energy group CEZ, has found no violations. LN/
//
LN1655NW.122
122 - ECONOMY - FINANCE - VAT - COLLECTION
Unpaid VAT between 2000 and 2017
Totals LV 5.8 Bln -
Revenue Agency
Sofia, March 22 (BTA) - Unpaid VAT between 2000 and 2017 stands at 5.8 billion leva, National Revenue Agency Executive Director Galya Dimitrova told the press here Thursday denying reports about 16 billion in unpaid VAT in some media outlets. She said, however, that on the backdrop of a 18 per cent growth of the GDP in the past three years, the 33 per cent of budget revenues shows that the economy is "lightening up".
A total of some 200 billion leva in budget revenue has been collected since 2000, said Dimitrova. The receipts in 2017 were by a third more than in 2014.
She explained that the 16 billion leva reported in the press as uncollected VAT in the period under review, is actually the entire volume of VAT after solved tax frauds. This figure includes 5.8 billion in unpaid VAT of which 5.4 billion is non-performing or hard-to-collect debt of people with no assets.
A breakdown by years shows that unpaid VAT in 2017 was four times smaller than in 2011.
Dimitrova said that these figures are no secret and are made public every year.
"VAT frauds are not a Bulgarian thing. It is a problem across the EU. In a year alone, the EU loses 150 billion euro from unpaid VAT. In 2015, seven countries did worse than Bulgaria in this respect and among them were Portugal, Romania and Italy," said the NRA chief.
She went on to say that Bulgaria has set in place a special system for tax fraud prevention after VAT registration which stops the registration of fraudsters. The information from the submitted tax returns is monitored on a monthly basis and special software looks for mismatches.
Dimitrova commended the results from cooperation between NRA and the Interior Ministry, the prosecution office and the Directorate General for Combatting Organized Crime, where it has seconded tax officers. For a fourth year now fiscal control has
NRA wins over 85 per cent of tax disputes at last-instance courts, said also the NRA Director.
Taking a reporter's question, she said that a tax audit at Inercom, the prospective buyer of the Bulgarian assets of Czech energy group CEZ, has found no violations. LN/
//
news.modal.header
news.modal.text