Over 300 Bulgarian companies will be audited by the National Revenue Agency (NRA) as part of an investigation into discrepancies between the data on intra-EU supplies submitted by them and information provided by the tax administrations of other community members.

The difference between the supplies to Bulgaria reported by Italian companies and the purchases declared by Bulgarian buyers exceeds 100 mln levs. The discrepancy between the data submitted by Bulgarian and Greek companies is some 80 mln levs.

If the check detects any attempt at fraud or tax evasion, the respective company will undergo a tax audit, said the NRA.
Bulgaria adopted the VIES VAT number validation system on January 1, 2007 when the country joined the EU.

The system requires that all VAT-registered Bulgarian contractors report on a monthly basis to the NRA information on their business with other VAT-registered companies based within the EU.(Dnevnik)