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334 Bulgarians have bank accounts abroad to the tune of over EUR 1 million each

Photo: EPA/BGNES

At the end of 2017 a total of 334 Bulgarians had bank accounts in foreign countries and offshore zones to the tune of over EUR 1 million each. The National Revenue Agency started to check these accounts. However, this institution underlines that the existence of such accounts is not unlawful and does not mean that these wealthy people are hiding taxes or other illicit activities. According to the National Revenue Agency, the inspection has started long ago and is not connected with the operation of Bulgaria’s Prosecution and the Bulgarian services to trace the accounts and the properties of high-standing officials. The National Revenue Agency can check the bank accounts and the companies of Bulgarian citizens in 114 countries under the Convention of Mutual Administrative Assistance in Tax Matters.




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