Value-added tax

Taxes and Fees Reduced en masse in Europe as Measures Against High Electricity Prices

Taxes and fees are being massively reduced in Europe as measures against high electricity prices. This was said by the member of the Management Board / MB / of the Institute for Energy Management Ivanka Dilovska during a working meeting with journalists.

Bulgarian Customs Agency Notches Record Revenues

The National Customs Agency notched up a record revenues of over 1 bln leva in August 2021 from excise duties, import VAT and customs duties, the Agency said in a press release on Friday.
The Agency's monthly revenues exceeded 1 bln leva for the first time in history. The result was achieved even though there were no regulatory changes or tax increases.

Value of the Romanian e-commerce market reaches 5.6 billion euros in 2020 (fintech)

Romania became, last year, the leader of the European Union in terms of the growth rate of electronic commerce, and the value of this market reached 5.6 billion euros, according to data published on Monday by representatives of a European fintech.

Bulgargaz Insists on 13 Percent Rise in Natural Gas Price, Warns of Repair Works along Turk Stream Pipeline

In the application submitted to the Energy and Water Regulatory Commission (KEVR) on May 11, Bulgargaz requested a 13 percent increase in the price of natural gas, compared to prices in May, or BGN 42.54. (excluding access fees, transmission, excise duty and VAT costs). This became clear during today's discussion on the price of blue fuel in KEVR.

Caretaker Fin Minister: Government Has Written Off BGN 10 Billion in Non-collected Revenues

For the period 2017-2020, Bulgarian revenue agencies have written off tax liabilities of over BGN 10 billion. For previous periods the amount is similar. This became clear from the second press conference of the caretaker Minister of Finance Asen Vassilev.

 According to the Minister, about BGN 2-3 billion in uncollected taxes are written off every year.