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Bulgaria’s Revenue Agency has new computer system to detect VAT fraud

Mon, Aug 31 2009 11:54 CET

byClive Leviev-Sawyer

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Bulgaria’s Revenue Agency has new computer system to detect VAT fraud

Photo: Assen Tonev

Bulgaria’s National Revenue Agency (NRA) has developed a special computer system to detect value-added tax (VAT) fraud, the agency said in a media statement.
 
The software will search NRA archives to detect possible trade relations among companies registered for VAT.
 
Search criteria will include VAT obligations and any large refunds of VAT, among other criteria, and will seek to identify any questionable transactions between companies.
 
European Union Phare funding was used to develop the software, the NRA said.
 
In 2008, auditors found about 1.4 billion leva in undeclared obligations.
 
On August 29 2009, Bulgarian-language mass-circulation daily 24 Chassa said that Finance Minister Simeon Dyankov had said that checks on fuel importers and liquor manufacturers had been started after analysis in the past week had raised suspicions that they were evading excise duty and VAT.

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