Penalties, fines and sanctions under Bulgarian tax law

Elif Mehmedova
Elif Mehmedova
Lawyer, Law Firm "Sazdov and Petrov", Bulgaria
Published 25 Nov 2020
Penalties, fines and sanctions under Bulgarian tax law
Image by mohamed Hassan from Pixabay
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Sanctions
The system of sanctions for the violations, related to declaration and payment of import taxes, is currently not harmonized within the European Union (EU). Therefore, the article reviews laws of the Republic of Bulgaria (as the EU Member State), defining such penalties and highlights the importance of voluntary disclosure of offence/ violation or mistake by the taxpayer to tax authorities for the application of legal responsibility.

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