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1 min read Source: Novinite
From our news archive: this article was published in June 2011. Figures and rules may have changed since.
More and more Romanian citizens decide to register their businesses and pay their taxes in the Bulgarian Danube city of Ruse, according to the Balkan country's national revenue agency.
The government in Sofia has been boasting that Romanian companies are moving in droves to neighboring Bulgaria attracted by lower taxes, which the government has maintained at pre-recession levels unlike Romania or Greece.
Last week, it turned out that the richest citizen of Ruse, who earned BGN 3.12 M in 2010, has turned out to be a man from neighboring Romania. The income was received for royalties and consultations by a Romanian company.
The Romanian is yet to pay the full sum that amounts to BGN 187 000.
Originally published by Novinite.
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