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Determining the center of vital interest Question: Hello! In 2020 I opened a sole proprietorship in Bulgaria, and since 2017 I have been a student in Germany. In the near future, I intend to close the company and pay myself the accumulated profits as a dividend. I am not sure if it would be legal to pay dividend tax in Bulgaria and transfer ...

Company with blocked accounts Question: Hello! I have a VAT registered company. I own apartments that I want to rent out through Booking, but my account is blocked. Can I rent them out to an individual on a summer season contract, the individual receives the payments from Booking and I receive the invoices for commission and pay 20% on top of ...

Cosmetic services as a freelance profession Question: Hello! I currently work in a private company - 8 hours a day, from Monday to Friday. They insure me on the whole salary. I want to practice another activity / beautician/, as I want to rent a place in a salon. Is it possible to be an ET and pay patent tax? What would be best in my ...

Accumulation of VAT on goods when closing a company Question: Hello! We had a grocery store and we closed it due to lack of work. How is VAT calculated for the rest of the goods? They tell us some huge sums, and we don't have a product for that money. Thanks in advance! Answer: Hello, Let's understand that the company was registered ...

Services in the field of digital marketing Question: Hello! I need information on what my obligations are (taxes, insurances, registrations, accounting, etc.) when offering services in and outside the EU. I am currently employed on a contract, but soon I am considering starting an additional activity (services in the field of digital ...

Is a loan declared to an individual? Question: Hello! My question is related to a loan that I received as an individual via bank transfer from an individual. I paid interest for 2022. by bank transfer in 2022, but I don't know if I should declare the interest I paid and how? Thanks in advance! Answer: Hello, You have no obligation ...

Business with herbs and herbal ointments Question: Hello! I want to open an online store and a page on social networks on the topic of herbs and herbal ointments that I will prepare. What conditions do I need to meet and what documents do I need to have in order to carry out this type of trade? Should I have a company and what should it be: ...

Purchase - sale of property from a company Question: Hello! I have the following case study: a company that is not registered for VAT buys a house for 110,000 euros from an individual. The company has no activity. After six months, he wants to sell the house for 150,000 euros. 1. Will it have to register for VAT? 2. Will I have to pay a ...

Offshore company service Question: Hello! I would like to ask you for an answer to the following case study: A Bulgarian company, which is not registered under VAT, will perform consulting services for an offshore company in the Cayman Islands. Is there a case in which the Bulgarian company is obliged to register for VAT at the place of ...

Trade in a municipal market Question: Hello! I currently work on an 8-hour contract (sometimes we have overtime, which is also reflected). I have the opportunity to sell fruits and vegetables at a municipal market. Can I, as an individual, carry out this activity or must a company be created (what type - ET or EOOD). When it is with a ...