The richest citizen in Ruse, Bulgaria is a Romanian 

Luni, 20 iunie 2011, 17:36 English | Regional Europe

The richest citizen of the Bulgarian city Ruse who won last year about 1.6 million euro is a Romanian citizen, the Bulgarian fiscal administration announced quoted by Novinite. The man, whose name has not been revealed, would have been attracted to Bulgaria by the low level of taxes maintained by the government at the level before the crisis.  

Nevertheless, there is the possibility for the Romanian trying to fraud the state considering that he submitted a revenue statement but did not pay the taxes that raise to 95.000 euro. The man made the revenues through intellectual rights and consultancy to a company in Romania. The government in Bulgaria announced several times that Romanian companies are moving in the neighboring country attracted by low taxes. Tax on revenues in Bulgaria is 10% compared to 16% in Romania. Tax on shares is 5% in Bulgaria while in Romania it is 12%.