National Revenue Agency Chasing Bulgarian Promoters Over METALLICA Show
December 30, 2009, 14 years ago
According to Sofiaecho.com, the National Revenue Agency (NRA) is chasing Bulgarian promoters who have staged some of the biggest shows in Bulgaria including those of METALLICA and MADONNA.
According to the law, performers must pay 10 per cent tax on concerts staged in Bulgaria. NRA checks established, however, that none of the 13 Bulgarian promoters had paid this tax to the state.
This included the show Madonna staged in Sofia this summer and Metallica's concert a year ago.
The same tax will be owed by ELTON JOHN when he performs in Sofia in the summer of 2010.
Checks on the activities of promoters' companies are part of an overall investigation launched by the NRA into the income of Bulgarian singers and popular performers.
Probes have revealed that some popular artists have not filed income tax declarations for several years.
