Bulgaria's Revenue Agency Wants Access to Credit Records

Bulgaria's Revenue Agency Wants Access to Credit Records

Bulgaria's revenue agents must have full access to the credit records of companies that have applied for business loans, the Director of NRA, Krasimir Stefanov, says.

Stefanov spoke in an interview for the Bulgarian National Radio, BNR, saying it is a very urgent and pressing matter to grant this access because during the so-called "credit boom" businesses presented to banks forged information much different than the one listed in the National Revenue Agency (NRA) tax declarations.

According to the NRA Director, there are scores of instances when companies with zero profits have obtained loans in the amount of thousands of hundreds of EUR.

The request for such access has been voiced during previous cabinet terms as well, but never materialized over the banks refusal to comply basing it on the Credit Institutions Act protecting their clients' account information.

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