THE STATE HAS REFUNDED ALMOST BGN 436 MILLION OF VAT TO THE BUSINESSES IN APRIL 2014
31.05.2014
For April 2014 the VAT refunded to businesses (without setting-off) amounts to BGN 438.7 million. This is evident from the information of the National Revenue Agency. In April this year 8,724 companies have received the tax due, 8,237 companies,or 95% of them, have received sums under VAT to the amount of below BGN 100,000.
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.
| Allocation of the VAT refunded by range | ||||
| in the period 01 - 30.04.2014 (without setting-off) | ||||
|
Range of the VAT refunded |
No of companies |
Amount of VAT refunded |
||
|
(No) |
(BGN) |
|||
| Over BGN 15 million | 3 | 120 848 180,96 | ||
| BGN 10-15 million |
1 |
11 970 516,30 | ||
| BGN 5-10 million |
3 |
22 604 504,16 | ||
| BGN 1-5 million |
43 |
86 587 841,13 | ||
| BGN 500-1,000 thousand |
48 |
33 418 418,10 | ||
| BGN 250-500 thousand |
97 |
33 535 254,16 | ||
| BGN 100-250 thousand |
282 |
43 911 385,86 | ||
| BGN 1000-100 thousand |
5 878 |
84 892 196,41 | 8 237 | |
| BGN 500-1,000 | 826 | 603 615,36 | ||
| BGN 1-500 | 1 533 | 337 415,36 | ||
| Total | 8 714 | 438 718 327,88 | 8 714 | |
| 95% | of the companies are with refunded VAT below BGN 100 thousand | |||