Fiscal subject related
As Bulgaria prepares to adopt the euro on 1 January 2026, three important regulators—the National Revenue Agency (NRA), Commission on Consumer Protection (CCP), and Commission on Protection of Competition (CPC)—have signed a joint cooperation agreement to combat unjustified price hikes and unfair commercial practices during the transition.
At a joint press conference, officials announced a nationwide inspection campaign, already underway in over 150 stores across 30+ cities, initially targeting 14 key food categories, with plans to expand to other goods and services. NRA clarified that while authorities will not control pricing directly, they will investigate cases where increases appear economically unjustified, ensuring VAT declarations reflect actual price movements.
The agreement also includes a commitment to increased on-site inspections and clear dual pricing practices. The CPC has published official pricing templates to prevent misleading formats—such as euro prices on red promotional labels, which have confused consumers. Businesses are urged to follow official examples to maintain transparency.
Beyond price monitoring, inspections also focus on fiscal compliance, such as documentation and tax reporting. Noncompliance, especially where VAT returns don't align with price hikes, will trigger further scrutiny.
Officials emphasized this as a first-of-its-kind coordinated effort, aiming to protect both consumers and fair competition. Citizens can report suspicious practices through the agencies’ official channels. As the Modern Trade Association warned, traders who exploit the transition risk legal penalties and loss of customer trust.
Main Points:
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Joint enforcement effort ahead of Bulgaria's euro adoption.
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Focus on unjustified price increases, fiscal compliance, and consumer protection.
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Over 150 stores already inspected; dual pricing clarity emphasized.
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Citizens encouraged to report violations; agencies promise strong action.
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