Standart News

Bulgarian Tax Inspectors Granted Access to Swiss Bank Accounts
Bulgaria’s tax inspectors will be granted access to the Swiss bank accounts of Bulgarian nationals. This is stipulated in the new agreement on the avoidance of double taxation of personal incomes, signed yesterday by Bulgaria’s Deputy PM Simeon Djankov and Switzerland’s Ambassador in Sofia HE  Regina Escher. The document fixes a major omission in the agreement from 1991, which particularly concerns the exchange of banking information between the two countries. The officials of the National Revenue Agency will have the right to request the Swiss banking record of a Bulgarian national, if a tax evasion inquiry has started against him or her.Thus it will become clear whether the sum kept in their Swiss bank corresponds to the incomes they have declared in their tax returns, the ...Read