Bulgaria

Bulgaria

Notification Statistical Forms Requirement Waived

NOTIFICATION REGARDING ABOLISHMENT OF REQUIREMENT FOR PROVISION OF STATISTICAL FORM FOR TRANSACTION AND PAYMENT BETWEEN LOCAL AND FOREIGN PERSONS AND CROSS-BORDER TRANSFER AND PAYMENT FOR AN AMOUNT EQUAL TO OR EXCEEDING 100 000 BULGARIAN LEVS OR ITS EQUIVALENT IN FOREIGN CURRENCY

Dear Client,

Herewith we would like to inform you about recently adopted by Bulgarian National Bank Ordinance for amendment to the Ordinance No. 27 of the BNB on the Balance of Payment Statistics, International Investment Position and Securities Statistics, in force as of August, 1st 2016.

 

As per the introduced changes, with effect as of August, 1st, 2016, the requirement from customers to provide statistical forms for transactions and payments between local and foreign persons and cross-border transfer and payment for an amount equal to or exceeding 100 000 Bulgarian Levs or its equivalent in foreign currency is removed.

 

Requirements for direct reporting with forms and declarations pursuant to Art. 6 para. 1, items 1, 3 and 4 and art. 9, para. 6, 7, 9 and 10 remain unchanged.

 

The full version of amended Ordinance No. 27 of the BNB is available at BNB website www.bnb.bg.

 

If you have any questions or need additional information concerning the amended Ordinance No. 27 of the BNB, please do not hesitate to contact us at:  

 

-       e-mail: ing.infobg@ingbank.com

-       Tel: + 359 2 917 64 00