A specialized Fiscal Control Directorate within the National Revenue Agency (NRA) Central Administration will exercise effective control over the movement in the country of all goods of high fiscal risk with the exception of goods under customs regime in the Republic of Bulgaria, Deputy Minister of Finance Lyudmila Petkova announced when presenting the results of the implementation of the measures to ease the administrative pressure on the businesses, to increase revenue collection and to improve the work of the revenue agencies. She added that the new structure has been created within the framework of a concept developed that aims at preventing actual VAT thefts through fiscal control in the transportation of goods most often used in VAT fraud schemes and identified by the NRA as being of risk. Deputy Minister Petkova specified that all supplies of goods would be subjected to control (intra-Community acquisitions, intra-Community supplies, supplies in the country and those transiting through the country from one Member State to another) and any movement of such goods would be entered into a Fiscal Control electronic register within the NRA.
The improvement of the single tax and social security account is also among the measures developed and discussed in the working group within the MoF with representatives of employers’ organizations, the trade unions, the National Association of Municipalities in Bulgaria and the revenue agencies. The proposal around which all participants united pertains to the setting up of two separate accounts within the single account - one for the principal of taxes and social insurance contributions and the other for interest accrued, the Deputy Minister of Finance announced. During the discussions the analysis of the implementation of the single account has shown that it creates problems mainly to companies that are temporarily in financial difficulties and cannot pay all their liabilities within the statutory time limit, Petkova specified.