The National Revenue Agency (NRA) has recently taken action against 962 individuals who failed to report income earned from creating and sharing content on an online platform linked to adult content. These individuals received income between 2018 and early 2023 but neglected to declare it to the tax authorities.
Deadline for Income Declaration
The NRA has issued notices to these individuals, requiring them to declare their income within two weeks of receiving the notice. The agency has identified approximately 14 million Bulgarian leva (BGN) in undeclared income over the past five years. Notably, 20 individuals accounted for 8.5 million BGN of this total, earning this substantial sum between 2020 and the first quarter of 2023.
The data was provided to the NRA by the company operating the online platform. This platform allows users to generate income by sharing various photos and videos, with access granted through a subscription model. According to the platform’s revenue-sharing structure,content creators receive 80% of the income,while the remaining 20% goes to the company.
How to Declare the Income
Citizens who have received such income must declare it in Appendix No. 2 for income from business activity as a sole trader or in Appendix No. 3 for income from other business activities, which includes copyright and license fees. The process can be completed entirely online through the Electronic Service for Submitting an Annual Tax Return,available on the NRA’s e-portal. Users can access this service with a Personal Identification Code (PIC) or a Qualified Electronic Signature (KEP). those without a PIC can obtain one quickly and free of charge at any NRA office.
For further assistance, individuals can contact the NRA via their hotline at 0700 18 700 or 02/9859 6801, with charges based on the caller’s service provider. Additional information is also available on the NRA’s official website.
This move by the NRA underscores the agency’s commitment to ensuring tax compliance, particularly in the growing digital economy where income streams can often be overlooked or underreported.
Interview with the National Revenue Agency (NRA)
Table of Contents
Introduction
The National Revenue agency (NRA) has recently taken action against individuals who failed to report income from an online platform linked to adult content. We sat down with an NRA representative to discuss the details of this initiative and how citizens can comply with the new requirements.
Interview Questions and Answers
Q1: Can you provide an overview of the recent action taken by the NRA?
A1: The NRA has identified 962 individuals who failed to report income earned from creating and sharing content on an online platform linked to adult content. These individuals received income between 2018 and early 2023 but neglected to declare it to the tax authorities.
Q2: What is the deadline for these individuals to declare their income?
A2: The NRA has issued notices to these individuals, requiring them to declare their income within two weeks of receiving the notice. The agency has identified approximately 14 million Bulgarian leva (BGN) in undeclared income over the past five years.
Q3: How was the NRA able to identify this undeclared income?
A3: The data was provided to the NRA by the company operating the online platform. This platform allows users to generate income by sharing various photos and videos, with access granted through a subscription model. According to the platform’s revenue-sharing structure, content creators receive 80% of the income, while the remaining 20% goes to the company.
Q4: How should individuals declare this income?
A4: Citizens who have received such income must declare it in Appendix No. 2 for income from business activity as a sole trader or in Appendix No. 3 for income from other business activities, which includes copyright and license fees. The process can be completed entirely online through the Electronic Service for Submitting an Annual Tax Return, available on the NRA’s e-portal. Users can access this service with a Personal Identification Code (PIC) or a Qualified Electronic Signature (KEP). Those without a PIC can obtain one quickly and free of charge at any NRA office.
Q5: What support is available for individuals who need assistance?
A5: For further assistance, individuals can contact the NRA via their hotline at 0700 18 700 or 02/9859 6801, with charges based on the caller’s service provider. Additional information is also available on the NRA’s official website.
Q6: What is the importance of this move by the NRA?
A6: This move by the NRA underscores the agency’s commitment to ensuring tax compliance, especially in the growing digital economy where income streams can frequently enough be overlooked or underreported.
