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National Revenue Agency collects more taxes in 2020 compared to 2019

published on 1/5/21 12:05 PM

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The total revenues to Bulgaria's National Revenue Agency (NRA) in 2020 amount to BGN 25 billion (EUR 12.8 billion). This means the revenues are BGN 700 million (EUR 358 million) more than the planned revenues and BGN 1.1 billion (506 million) more than in those in 2019, according to the NRA.

Despite the Covid crisis, businesses and citizens have their paid taxes and social security contributions in good faith.

The trend of growth of revenues in the treasury is preserved. Last year it was about 5%.

In 2020, tax revenue amounted to BGN 14 billion (EUR 7.2 billion), of which over BGN 2.6 billion (EUR 1.3 billion) were paid by businesses for corporate taxes. A total of BGN 3.7 billion (EUR 1.9 billion) was paid as personal income tax. VAT revenue amounts to BGN 7.6 billion (EUR 3.9 billion). Revenue from social security contributions amounts to BGN 10.6 billion (EUR 5.4 billion), the BGNES agency reported.

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Radio Bulgaria News corporate tax income tax National Revenue Agency revenue revenues social security contributions treasury VAT

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