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Value Added Tax for Investors

Author

Listed:
  • Krasimira Naydenova

    (University of Economics - Varna)

Abstract

Investors on the Bulgarian capital market suffer serious problems with VAT enforcement by tax officials. This can lead to serious consequences as investors' transaction costs increase, and confidence and certainty as key factors for the attractiveness of the Bulgarian capital market are worsening. Obstacles to investors lead directly to their outflow, which is critical for the emerging Bulgarian market, which is still illiquid. The corrupted market worsens the financing of companies as it represents one of the only three sources of long-term venture capital and this hinders the sustainable development of the national economy.

Suggested Citation

  • Krasimira Naydenova, 2018. "Value Added Tax for Investors," Regional Economy and Sustainable Development, Conference Proceedings 2017, Research Institute, University of Economics - Varna, issue 2, pages 422-429, March.
    • Handle: RePEc:vra:pr1803:y:2018:i:2:p:422-429
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    More about this item

    Keywords

    VAT; capital market; investors; institutional efficiency.;
    All these keywords.

    JEL classification:

    • A00 - General Economics and Teaching - - General - - - General

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