Bulgarians Hold BGN 400 M in Swiss Banks

Finance | March 5, 2010, Friday // 17:03|  views

Bulgaria's top tax official Krasimir Stefanov has vowed to investigate all Bulgarian holders of Swiss bank accounts. Photo by BGNES

This information has emerged after the meeting of the head of Bulgaria’s National Revenue Agency, Krasimir Stefanov, with Germany’s tax authorities, Darik Radio reported.

Bulgarian National Revenue Agency (NRA) officials went to Germany Friday to investigate Bulgarians who have not paid tax on money in their Swiss bank accounts.

The NRA Director, Krasimir Stefanov, held talks with his German counterpart with the aim of obtaining information about deposits made by Bulgarians in Swiss banks and banks in Lichtenstein over a tax evasion probe. The German authorities have agreed to provide Bulgaria with information about the Swiss and Lichtenstein bank accounts of its citizens.  

Stefanov has promised that the National Revenue Agency was going to audit every single Bulgarian citizen holding money in Swiss banks.

In mid-February Bulgaria approached Germany, following the latter's intent to buy a stolen disc containing names of thousands of people with Swiss accounts who may have evaded taxation.

Stefanov says that Bulgaria currently intends to find out how useful the information would turn out and only then will offer money for it. He told Darik radio that several “businessmen” had called NRA to inquire about the probe. According to unconfirmed reports, about 10 people have already proposed to cut a deal with the tax authorities in order to avoid prosecution.

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Tags: Switzerland, Germany, taxation, swiss banks, accounts, NAP, Krasimir Stefanov, National Revenue Agency, NRA


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