Bulgaria

Country profiles
Country profiles

Bulgaria

  • Corporate Tax Haven Index ranking: 45
  • Financial Secrecy Index ranking: 115
  • Tax loss each year to tax havens: $41,628,373
  • Tax loss inflicted on other countries: $195,356,370

Country profile

Tax abuse losses

$41,628,373

lost in tax every year to global tax abuse

$25,458,270

lost to tax avoidance committed by multinational corporations

$16,170,103

lost to tax evasion committed by private individuals

  • Equivalent to 0.33% tax revenue (tax revenue in 2020 : $12,674,791,403 trillion)
  • Equivalent to loss of $6 per member of population (Population: 7,084,759.63)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 3.39%

Global Rankings

Corporate Tax Haven Index 2019
#45

Global Rank (First is Worst)

55.57/100

Haven Score (100 is Worst)

0.38%

Share of global tax havenry

Financial Secrecy Index 2020
#115

Global Rank (First is Worst)

49.45/100

Haven Score (100 is Worst)

0.17%

Share of global tax secrecy

Harm to other countries

$195,356,370

in tax lost by other countries

$195,356,370

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.05% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
15,487 nurses

Social impact of lost tax

Tax loss equivalent to 1.62% of health budget
Tax loss equivalent to 1.80% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
5,016 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward FDI
Vulnerable Score for this channel is 58.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Romania (15.5%)
North Macedonia (14.0%)
Austria (10.6%)