Taxation in South Africa

Illegal Trade in Fuels Costs Bulgaria Over BGN 1 B

Bulgaria's Finance Ministry announced that each year around 1.2 million tonnes of diesel are not declared to the revenue agencies, which amounts to 36.2 % of the fuel consumption in the country.

The Ministry estimates that the losses to the budget from tax evasion and avoidance of excise duties amount to BGN 1.1 - 1.2 B, electronic daily Dnevnik reports.

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