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Freelance or company is more profitable Question: Hello! In the future, I want to sell my products online. For a start-up business, when I don't know how many orders there will be per month, which is the best option: with a company or as a freelancer? What documents must be submitted to the National Revenue Agency every month and annually? ...

We owe tax when selling a property Question: Hello! On 23.04.2024, I bought a plot of land in a village. So far, I have built a house on it /prefabricated wooden structure/ and I am on act 14 with all the necessary documents - project, visas, permits, etc. I will sell it on 25.04.2027, that is, in three years and two days. Will I owe a 10% ...

Jeweler without a registered company Question: Hello! For some time now, I have been making jewelry that I would like to sell online. I read about registering as a freelancer and I think this is the option for me. My problem is that I do not have a diploma or certificate with which to register. I read that it is possible as an “insurance ...

VAT registration for freelancers Question: Hello! I started working for an Austrian company (which does not have a Bulgarian branch) as a programmer. I registered as a freelancer. I got a PIN code from the National Revenue Agency, registered in the Bulstat register and registered as a self-employed person. Do I also need to register for VAT ...

Standard recognized expenses of an artist Question: Hello! I am a member of the Association of Masters. Profession artist. I registered with the Bulgarian State Statistics Service as a freelancer. I sell various art objects online and they are sent only via Econt. I made a contract with Econt to receive the funds via "Postal Money Transfer" ...

Creating protocols when selling on Amazon Question: Hello! A Bulgarian retail company has started trading with Amazon, mainly individuals in the European Union. Amazon sends commission fees. Each sale is accompanied by an invoice issued by us. Commission fees are reported as GVA. Sales fees are reported as normal GVA with 20% VAT. We have not ...

Mandatory VAT registration for an individual Question: Hello! I have an ETSY account from which I sell old items as an individual. I am not registered under the Commerce Act, but I submit a declaration under Art. 50 of the Personal Income Tax Act as an individual carrying out commercial activity without registration and pay the relevant ...

Should I register a company or work under an employment contract Question: Hello! I work as a waiter on a ship for a Swiss company, and my permanent residence is in Germany. Can I open a company in my own name, where my salary will be transferred? Are the employing companies against this practice and if so, why? I also have an idea to import ...

Procedure for renting out a property Question: Hello! I am an individual, I am about to rent an apartment, a studio type. My intentions are to rent it out for overnight stays. The owner of the property is informed and agrees. I will use the AirBnb and Booking platforms for a period of about five months. Can you explain to me what the process ...

Deletion of a Sole Proprietorship Question: Hello! What is needed to delete a Sole Proprietorship in the case of a deceased owner, the company has not been operating since 1997. There are 3 heirs. Can one of the heirs submit an application for deletion of a Sole Proprietorship? How much will the service cost and what documents must be ...