Bulgarian Tax Agents Close 269 Law-breaking Gas Stations

Finance | January 13, 2011, Thursday // 13:09|  views

Gas stations in Bulgaria, which failed to connect their cash registers with the Revenue Agency, face closure and fines up to BGN 10 000. Photo by BGNES

Teams from Bulgaria's National Revenue Agency (NRA) have closed a total of 269 gas stations across the country in the course of two days.

The reason for shutting the stations is the fact that they failed to connect their cash registers with the NRA information system, as mandated.

The agency informed that some of the stations did not even open for business because they knew they would violate the law over the failure to send electronic data for their sales.

Tax agents are carrying out 400 such checks in Bulgaria now. Starting Tuesday, each gas station should automatically transmit data for the daily revenues without the knowledge of the owner at what exact time this is done. In addition, NRA will have real-time access to each cash register installed at any gas station.

On Tuesday, the tax agents closed 76 gas stations and 90 closed voluntarily. On Wednesday, 47 gas stations were closed and 56 closed voluntarily.

The checks, involving all gas stations in Bulgaria, are to conclude in the next few days. Violators face closure and fines up to BGN 10 000.

NRA data shows that currently about 3 000 gas stations across the country report a total of BGN 400 M in monthly turnover.

All businesses, registered to pay Value Added Tax (VAT), are mandated to connect their cash registers with NRA by the end of September 2011, while by April 2012, all cash registers in Bulgaria must be connected to the Agency.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!


Tags: National Revenue Agency, NRA, gas stations, closure, fines, cash registers

Back  

» Related Articles:

Search

Search