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Bulgaria launches checks on owners of expensive cars and properties

Staff Writer |
Bulgaria’s chief prosecutor Sotir Tsatsarov ordered the tax authorities to inspect all Bulgarian citizens who have bought properties and cars for over €260,000 in the last two years, Krassen Nikolov reported.

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Krassen Nikolov is a journalist specialised in judiciary affairs. He works for Mediapool and will be a regular contributor for BulgarianPresidency.eu for the six months of the Bulgarian Presidency of the Council of the EU.

The actions of the Sofia authorities are surprising, given the increasing collection of tax revenues and the boasting of Prime Minister Boyko Borissov about his achievements in the fight against smuggling.

In 2015 and 2016 a total of 365 Bulgarians bought properties worth more than €260,000, 120 of which cost more than €410,000 euros. These are significant sums for the Bulgarian property market, as a two-bedroom apartment in the capital costs between €70,000 and €100,000.

Police data shows that in the poorest country of the EU in recent years have been registered 50 cars Maybach, 193 Bentley cars, 31 Lamborghini cars, 68 Rolls-Royce and 93 Ferrari cars. All of them are owned by Bulgarians.

The Prosecutor’s Office announced that for some of the luxury property and car owners it has “evidence of possible crimes, including tax frauds and imposture.”


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