THE VAT REFUNDED IN JUNE 2014 IS BGN 446.6 MILLION
30.07.2014
For June 2014 the VAT refunded to businesses (without setting-off) amounts to BGN 446.6 million.This is evident from the information of the National Revenue Agency. In June this year 8,311 companies have received the tax due, with 7,847 companies,or 94% of them, having received sums under VAT to the amount of below BGN 100,000. For the second quarter of 2014 the VAT refunded (without setting-off) amounts to BGN 1,270 billion.
This is a continuation of the practice established since 1 July 2013 the refunding of the tax to be done under strict rules consistent with normal economic logic by priority rating of the VAT returns for refunding. The observance of the 30-day period for VAT refund is monitored on a monthly basis so as no interest for delay to be paid from the budget.
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Allocation of the VAT refunded by range |
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in the period 01- 30.06.2014 (without setting-off) |
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Range of the VAT refunded |
No of companies |
Amount of VAT refunded |
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|
|
(No) |
(BGN) |
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|
Over BGN 15 million |
3 |
128,689,617.73 |
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BGN 10-15 million |
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|
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BGN 5-10 million |
4 |
27,686,660.28 |
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|
BGN 1-5 million |
45 |
93,955,259.84 |
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|
BGN 500-1,000 thousand |
50 |
35,789,255.24 |
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|
BGN 250-500 thousand |
93 |
31,851,476.98 |
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|
BGN 100-250 thousand |
269 |
41,890,047.99 |
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|
BGN 1-100 thousand |
5,759 |
85,918,545.39 |
7,847 |
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|
BGN 500-1,000 |
707 |
512,390.20 |
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|
BGN 1-500 |
1,381 |
317,855.88 |
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|
Total |
8,311 |
446,611,109.53 |
8,311 |
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94% |
of the companies are with |
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refunded VAT below |
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|
BGN 100 thousand. |
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