More Tax Evasion Scams Busted at Bulgarian Beach Resorts

Finance | August 30, 2010, Monday // 11:50|  views

Bulgaria's tax agents will monitor all merchants on the entire Black Sea coast for attempts of tax evasion. File photo

The Bulgarian Revenue Agency (NRA) has discovered new cases of large-scale tax evasion in the amount of over BGN 1.5 M on the country’s Black Sea coast in the last two weekends, the Agency reports.

A club in the Black Sea capital Varna had begun to declare 14 times higher revenues during the time of the probe, the NRA Director, Krasimir Stefanov, informs. Stefanov is in Varna, personally heading the tax probes.

The total revenues from the 4 most popular establishments in the largest Bulgarian beach resort, the southern “Sunny Beach,” reached over BGN 230 000 only during past Friday and Saturday.

Meanwhile, tax agents discovered that a club in the southern beach town of Lozenets did not declare a single penny in revenues during the entire month of July.

NRA remind they will continue to monitor establishments at beach resorts until the end of the summer season and inform businesses attempting tax evasion will be forcefully registered with a back date to pay double the concealed amount in Value Added Tax (VAT), plus a fine, while the entire venture and all of its owners will be audited.

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Tags: NRA, Revenue Agency, revenues, tax evasion, beach resort, night club, Krasimir Stefanov, Lozenets, Sunny Beach, Varna


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