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Sat, May 26 2012
National Revenue Agency discovers tax evasion in Varna nightclubs
Photo: Reuters
The Bulgarian National Revenue Agency (NRA) has discovered massive discrepancies and widespread and systematic tax evasion among certain bars, discos and nightclubs in Varna, Bulgarian media reported on August 16 2010.
When a number of such establishments were probed, it transpired that their daily turnover "suddenly increased" six to 14 times, reports said.
A nightclub, unidentified in the report, had declared a 280 leva daily turnover, prior to the check-up, but when investigated, it was unveiled that they made more than 4000 leva in one night.
Because of the large scale tax evasion, all clubs, bars and discos have been ordered to relinquish receipts and documentation listing all transactions, orders and supplies over the course of the past three years, while some of the most "prominent" clubs – will have to provide the necessary documentation for the past five years, the report said.
Once their accounts are revised, they will be taxed and sanctioned accordingly.
Meanwhile, NAR agents said that there were no violations recorded whatsoever during the Spirit of Bourgas 2010 festival over the weekend.
It was reported that the festival made about 224 000 leva from tickets sales and about 9000 leva from the sale of T shirts and souvenirs.
When a number of such establishments were probed, it transpired that their daily turnover "suddenly increased" six to 14 times, reports said.
A nightclub, unidentified in the report, had declared a 280 leva daily turnover, prior to the check-up, but when investigated, it was unveiled that they made more than 4000 leva in one night.
Because of the large scale tax evasion, all clubs, bars and discos have been ordered to relinquish receipts and documentation listing all transactions, orders and supplies over the course of the past three years, while some of the most "prominent" clubs – will have to provide the necessary documentation for the past five years, the report said.
Once their accounts are revised, they will be taxed and sanctioned accordingly.
Meanwhile, NAR agents said that there were no violations recorded whatsoever during the Spirit of Bourgas 2010 festival over the weekend.
It was reported that the festival made about 224 000 leva from tickets sales and about 9000 leva from the sale of T shirts and souvenirs.
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ivaylo how true you are ,your comments are so true.we all maybe not perfect but bulgaria is a beautiful land
apart from the usual bg-expat spats, the comments somehow managed to miss the point that, for the first time in a number of years, the state is actually making an attempt at good governance. albeit in the narrow sphere of tax collection, it is nevertheless commendable that inspectors are sent out who monitor compliance with statutes and ordinances. then administrative sanctions are imposed and revenue for the state is collected. all of this whilst not increasing the overall tax burden. in other words, only those who must pay are targeted and the general public is not made to pay for [...]
Read the full comment everything.
this is indeed a welcome sight. with revenue raised, the state will have the necessary funds to finance the infrastructural projects so badly needed, like the reconstruction of the road network.
and if that is not refreshing news about the beginnings of some rule of law, then I cannot possibly fathom what could be.
blighty, your frustrations are probably motivated by lack of good governance and you are not alone. but good governance is the supply; civic society must create the demand. there are no shortcuts to creating this, especially with a worn-out public tired of running into brick walls.
blighty you get this in england too ,coruption is in every country, everything is taxed up to the eyeballs,next year been told 4 pounds a pint bread going up and once again petrol.even though its got pot holes here in the roads and as you say pavements like cross country courses,this countrys never had the money like england,when england had it look at the state it is in know.
Quote "That has nothing to do with taxes and everything to do with those in authority nicking it"
Those in authority can't nick taxes that are not being paid.
That has nothing to do with taxes and everything to do with those in authority nicking it
No wonder there are holes in the roads and pavements like cross country courses when no one pays the correct taxes.