Bulgaria’s Tax Revenue Rises 3.5% to 3.8 Bln Euro in 2011

Bulgaria’s Tax Revenue Rises 3.5% to 3.8 Bln Euro in 2011

Bulgaria's revenue from taxes increased by 3.5% to 7.4 billion levs ($4.8 billion/3.8 billion euro) in 2011, the tax authorities said.

Revenue from taxes and social insurance contributions increased by 700 million levs to 12.7 billion levs last year, the National Revenue Agency said in a statement on its website on Tuesday.

Revenue from income tax reached 2.2 billion levs, or 91 million levs more than planned, and proceeds from corporate tax rose to 1.356 billion levs from 1.242 billion levs in 2010.

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