Taxation in the United States

The procedures for issuing tax information will be faster as the interoperability between the state agencies is adopted. The Independent Authority for Public Revenue (AADE) will be immediately informed about the existence of non-overdue debts of the citizen and accordingly grant the tax clearance certificate, or not.

Tax audits have made a huge leap in recent years, mostly in terms of their quality and not so much in terms of their number, which is more or less on the same level as previous years

Bureau audits, complex cross-checks and data now obtained from dozens of sources have curbed tax evasion, uncovering undeclared income.

Instructions for those who want to check before they pay – The 11 installments increase if the tax is settled

Fines and surcharges will be reduced by up to 50% in the event that the taxpayer acknowledges their main debt to the tax authorities, according to the draft law that will soon be submitted to Parliament. There will also be a time limit imposed on tax audits, and an extra chance for debtors who have dropped out of their debt arrangements.

The improvement is attributed to increased tax revenues (both direct and indirect taxes) due to rising employment along with simultaneous increases in wages and pensions

Taxpayers who choose to pay the total amount of their income tax dues this year in one lump sum by July 31 will secure a 3% discount, according to the amendment the National Economy and Finance Ministry submitted in Parliament.

Taxpayers will now only communicate with the tax office digitally and via electronic messages, while audits will be completed within a maximum of one year, according to the new tax bill amending the Tax Procedures Code established in 2013.

The Labor Ministry will grant social security capacity to approximately 100,000 self-employed people with small debts to the Single Social Security Entity (EFKA) - from a few cents to 100 euros.

The Finance Ministry, in collaboration with the Independent Public Revenue Authority (AADE), is planning for the reduction of the withholding rate for those who have debts to the state and collect money or proceed with the sale of real estate. The reduced withholding will only concern those who are consistent with debt arrangements and pay their installments regularly.

From today, electronic applications for 74 administrative services are available in another 100 post offices in Bulgarian Posts, announced the state-owned company's press center.