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Covid-19 Effects On Tax Gaps

Author

Listed:
  • Lyudmil Naydenov

    (University of Economics)

  • Dimitar Tsenov

    (RD of NRA – Plovdiv, Bulgaria)

Abstract

The paper examines the issues related to the impact of COVID-19 on tax gaps in Bulgaria. The authors define the various tax gaps in terms of their theoretical, practical and technical grounds as well as unique characteristics. The authors have analysed the dynamics of the gap between the tax and social insurance revenues in the Consolidated Fiscal Program (CFP) as they “should be” collected and as they “are” collected and prove that it was affected directly by the global COVID-19 pandemic. They justify the need for an innovative approach that would take into account the changed realities and the important role of CFP components for improving the public welfare and the sustainability of our economy. The research subject are tax gaps and its object is the impact of COVID-19 on the difference between the volume of collected and planned revenues from direct taxes, indirect taxes, social security and health insurance contributions in Bulgaria. The general conclusion is that the pandemic, which has lasted for already over a year, has slowed down the economy and hence has a negative affect on tax gaps in our country.

Suggested Citation

  • Lyudmil Naydenov & Dimitar Tsenov, 2021. "Covid-19 Effects On Tax Gaps," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 15-27.
    • Handle: RePEc:dat:earchi:y:2021:i:1:p:15-27
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    File URL: http://hdl.handle.net/10610/4458
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    References listed on IDEAS

    as
    1. Aglika KANEVA, 2021. "Analysis Of The Changes In Gross Loans And Advances And Deposits In Banks In Bulgaria," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 60-78.
    2. Atanasov, Atanas & Marinova, Rumyana, 2020. "Интегрираното Отчитане Като Инструмент За Комуникиране На Корпоративна Информация В Условията На Covid-19 [Integrated reporting as a tool for communication of corporate information in the COVID-19 ," MPRA Paper 105256, University Library of Munich, Germany.
    3. Mikhail I. Zveryakov & Andrii A. Gritsenko & Viktor N. Tarasevich & Pavel A. Pokrytan & Lyudmila L. Zhdanova & Andrei V. Grimalyuk & Sergii V. Sinyakov, 2021. "On The 100th Anniversary Of The Founder Of The Odessa Scientific School Of Economic Thought A. K. Pokrytan," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 3-14.
    4. Lyubomir Lyubenov & Anelia Lyubenova & Ivailo Hristakov, 2021. "Financial Issues And Funding In The Bulgarian Beekeeping Sector," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 45-59.
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    Citations

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    Cited by:

    1. Ivanka B. Dimitrova & Yordanka Velcheva, 2021. "Management Accounting In Agricultural Enterprises – The Budgeting Function," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 28-44.
    2. Lyubomir Lyubenov & Anelia Lyubenova & Ivailo Hristakov, 2021. "Financial Issues And Funding In The Bulgarian Beekeeping Sector," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 45-59.
    3. Mikhail I. Zveryakov & Andrii A. Gritsenko & Viktor N. Tarasevich & Pavel A. Pokrytan & Lyudmila L. Zhdanova & Andrei V. Grimalyuk & Sergii V. Sinyakov, 2021. "On The 100th Anniversary Of The Founder Of The Odessa Scientific School Of Economic Thought A. K. Pokrytan," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 3-14.
    4. Aglika KANEVA, 2021. "Analysis Of The Changes In Gross Loans And Advances And Deposits In Banks In Bulgaria," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 1 Year 20, pages 60-78.

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    More about this item

    Keywords

    consolidated fiscal programme; tax gaps; COVID-19; fiscal revenue;
    All these keywords.

    JEL classification:

    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management

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