Fri, Feb 10 2012

Liaising to cut fraud

Fri, Aug 07 2009 10:50 CET

byGabriel Hershman

1278 Views
Liaising to cut fraud

Finance minister and Deputy Prime Minister Simeon Dyankov

Finance Minister and Deputy Prime Minister Simeon Dyankov has announced that tax and customs authorities will link their systems to curtail widespread fraud that is robbing Bulgaria of badly needed revenues.

Dyankov said Bulgaria was losing two to three billion leva a year from smuggling and tax fraud.

"The link will help to boost tax collection and will limit the unfair competition of different smuggled goods, mainly fuels, alcohol, meat and vegetables," Dyankov said.

"It will also make Bulgaria more transparent," he told reporters.

Dyankov said the IT systems of the two state agencies should have been linked six years ago but a lack of political will prevented that from happening.

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