31.03.2014

The state has refunded VAT to the amount of BGN 998.24 million in the first two months of 2014, the information from the National Revenue Agency shows. In January 2014 8,269 companies received VAT due to the amount of BGN 514.8 million. The sum refunded in January 2014 was by BGN 97 million less compared to January 2013, when the tax refunded amounted to BGN 612.3 and that was due to the fact that in December 2013 the companies received only BGN 239 million and the rest of the tax due was paid only in January 2013. In December 2013, the NRA refunded to the businesses almost BGN 541.8 million thus for the first time for some years the state paid all the VAT due to the companies except to those that were under tax audits.

Since 1 July 2013 the refunding of the tax has been done under strict rules consistent with normal economic logic by priority rating of the VAT returns for refunding and not arbitrarily, which makes the state an upright and predictable partner of the businesses. In January 2014 to 7,774 companies, or 94% of their total number, the sums refunded by the state are below BGN 100,000. February data show that the VAT refunded to 7,812 companies amounts to BGN 483.4 million which is by BGN 175 million more compared to February 2013. In the second month of 2014 7,344 companies, or 94% of their total number, have received sums under VAT to the amount of below BGN 100,000.

Allocation of the VAT refunded by range
for the period 1-31.1.2014 (without setting-off)

Allocation of the VAT refunded by range
in the period 01- 28.02.2014 (without setting-off)