All shall be taxed: Coffee vending machines, parking and snack machines to be linked to Bulgaria’s revenue agency

Written by on August 31, 2012 in Bulgaria, Business, News - No comments

Bulgaria’s National Revenue Agency has issued a reminder that by the end of October, all coffee vending machines, parking voucher payment machine, snack dispensers and machines that dispense bouncing balls to children must be linked electronically to the agency.

Issuing a printed receipt will not be mandatory but the receipt will be displayed electronically and stored in its electronic memory. This means that the machines will be exempt from law otherwise requiring the issuing of printed receipts for transactions.

Bulgarian law requires sales outlets to record and report incomes to tax authorities, with provision for fiscal devices to be linked to the National Revenue Agency so that daily turnover can be tracked.

Currently, official figures say that about 300 000 cash registers are linked to the National Revenue Agency. Traders who operate cash registers not linked to the agency can be fined up to 10 000 leva (about 5000 euro). Failure to supply printed receipts can mean a fine of 3000 leva.

(Photo: michael lorenzo/sxc.hu)

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