5 May 2015

Bulgaria has always been considered a low risk country in respect of the penalty regime. However, this may have changed. The IPT authorities, the NRA, have advised us that a penalty of between BGN 500 and BGN 1000 shall be levied on a client’s late submission of IPT for an immaterial amount below BGN 10.00. Coincidentally, FiscalReps is scheduling a meeting with the NRA in May/June this year to discuss the IPT regime and seek sign-off of our rate tables. If you have any questions that you would like us to ask, and we can do so on a no names basis if desired, then please contact:
 
Paul Chater
e: paul.chater@fiscalreps.com
t: +44 (0)20 7036 8070