Company with activity only in Bulgaria, should it be registered for VAT?

Company with activity only in Bulgaria, should it be registered for VAT?

 

Question:
Hello!

I will make an online store and plan to sell online courses and services only on the territory of Bulgaria and I want to accept and make payments only on our territory. I will not use facebook, instagram google, etc. advertising.

My question is - in this particular case, when everything happens only at the local level, should the company necessarily register it for VAT?

Thanks in advance!

 

Answer:

Hello,

There are several grounds for VAT registration, but if we assume that you will offer services only in Bulgaria and that you will not receive services from people outside Bulgaria, then the only reason for mandatory VAT registration would be if you reach a turnover of BGN 50,000. within 12 consecutive months. Naturally, we are obliged to mention that even if there is no reason for mandatory VAT registration, there is a possibility to do it at your request.

We hope we have been helpful to you.

Greetings!