Sat, May 26 2012

Bulgaria's National Revenue Agency checks Black Sea yacht owners

Tue, Aug 16 2011 15:39 CET

byThe Sofia Echo staff

1410 Views
Bulgaria's National Revenue Agency checks Black Sea yacht owners

An archive photo of yachts at the port of Bulgaria's Black Sea city of Varna

Photo: Georgi Kozhouharov

Forty-seven yachts moored at the Black Sea resort ports of Sveti Vlas and Nessebur were checked by inspectors from Bulgaria's National Revenue agency who are investigating who owns them and whether they have paid all taxes due.

The registration numbers of the yachts were written down and have been sent to the Maritime Administration to establish who owns the vessels, the agency said.

In the event of discrepancies between stated income and assets, audits will be ordered, the agency said.

Meanwhile, the agency is continuing its summer campaign to enforce tax compliance among Bulgaria's Black Sea resort restaurants and bars. In some cases, inspections had resulted in owners instantaneously changing the amount of turnover at their establishments, in one case from 1400 leva a month to 3000 leva a night.

In one case, a restaurant in Sandanski was found not to have a cash register, as required. When the matter was raised, the owners of the restaurant assaulted two National Revenue Agency inspectors. The case has been referred to prosecutors.

"Anyone who breaks the law, or attempts to evade it by force, will be handed over to law enforcement," National Revenue Agency chief Krassimir Stefanov said. "The state, and the agency in particular, will be uncompromising in dealing with such situations."

  • Print
  • Send via email
  • Translate to
  • Share:

To post comments, please, Login or Register.


Please read the The Sofia Echo forum comments policy.

Thousands of employees in Bulgaria benefit after tax, labour inspectors come calling

National Revenue Agency and Labour Inspectorate check-ups found thousands of people working full-time when they supposedly were working part-time, prejudicing their pension prospects.

Bulgaria confiscates property and assets of affluent tax evaders

A case of serious tax fraud has been revealed after affluent owners of yachts and luxury cars in the capital city of Sofia alone owe more than 11 million leva taxes and insurance fees

Into the light

Tax authorities and prosecutors pursue owners of luxury properties

Luxury car fleet, but no income

One Bulgarian company owned 209 cars, including one Bentley, while its only form of income consisted of several loans, the NRA found after checks into the income of luxury car owners.

National Revenue Agency investigates owners of luxury yachts

In 2006 and 2007, 74 million leva went undeclared, of which 39 million leva is attributed solely to property lenders from Sofia. In the past five years debts accumulated among individuals has accumulated to 2.7 billion leva

More in this category

Saab awarded $2.4M military training equipment contract in Bulgaria

The funding is provided under the foreign military sales programme of the US army's Program Executive Office of Simulation, Training and Instrumentation.

Two Brits fined for hooliganism in Bulgaria’s Veliko Turnovo

The UK nationals were arrested after throwing beer bottles at people after being refused entry to a restaurant that had closed for the night.

Tourism: Bulgaria to spend 300M leva on restoring castles, ancient sites

Restoration and development projects include Madara Horseman, Arbanassi fortress, Magura cave.

Sovereign Order of Malta assists hospital in Bulgaria’s Iskrets

Simeon Saxe-Coburg and his spouse Margarita opened a new heating and insulation system at the Tsar Ferdinand Hospital for Pulmonary Diseases in Iskrets, a project implemented thanks to the Embassy of the Sovereign Order of Malta in Sofia and the Nando Peretti Foundation.

Bulgarian Parliament passes confiscation act

According to the law's provisions, the commission will have the power to investigate individuals without prior notification and would not require a criminal conviction in order to launch an investigation.

© 2000-2012, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.