News

Sale of ET, registered for VAT, to EOOD. Question: Hello! I have several case studies related to the ET of a deceased person: 1. The heirs took over the company and we made a VAT registration on the basis of Art. 100 para. 1 in August 2022 and submitted a VAT Declaration with the result of a VAT refund on time. 2. Today - 26.09.2022 ...

Own blog as a hobby Question: Hello! I work on a contract, but I want to start my blog as a hobby. For now, I don't think it's a source of income, but if an opportunity arises (from ads and Amazon) I might take advantage. I expect the income to be minimal enough to cover the expenses. Since I don't plan to leave my main job, can I just ...

Annual declaration in case of loss from trading in shares and currency Question: Hello!  I don't have a company and last year I used an online stock and currency trading platform of a European company. I invested a little money to start the business, but this trade has a high risk factor and I lost almost all the money. I would like to ...

Declaration of purchased shares in the Annual Tax Return Question: Hello! This year I bought shares through a platform, selling some of them and keeping some others! The platform has an option to receive a reference to a pdf file, which says what transactions I made during the year - buying and selling shares, receiving dividends. Do I need ...

Profit tax on the sale of property Question: Hello! Our company / Ltd. / owns a property + building with Act 16 of 09.08.2013, which we want to sell to another company / Ltd. / worth BGN 489,000. The book value of the asset is BGN 422,000.00. How much tax do we have to pay? Thanks in advance! Answer: Hello, To begin with, we will ...

Insurance and taxes of the artist Question: Hello! My wife works in a company where she is insured for BGN 800. In his spare time he paints and wants to sell his paintings legally. What registrations does he have to make and what taxes and insurances will he owe? Thanks in advance! Answer: Hello, In your case, you have two good ...

Provision under contract for management and control / DUK / Question: Hello! A manager of an EOOD is a person who is not the sole owner of the capital. Should a management contract be concluded with it and what is the minimum insurance threshold / as an amount / at which the manager must be insured? Could you guide me as a sum of what the ...

Registration and deregistration under the VAT Act of a natural person after the turnover has been reached   Question: Hello! My question is about online trading. The turnover from 05.May 2020 to 06.May 2021 is BGN 53,000.00 (imposed payments from shipments through the courier company Econt) with personal belongings included, which ...

Posting of working partners in Germany   Question: Hello! I am a partner in Ltd. with two owners. We offer construction and repair services. We have the opportunity to work in Germany, but we have to have employment contracts. Do we have the right to appoint ourselves to employment contracts? Do we have the right to go on a ...

Taxes on trade as an individual   Question: Hello! I am an employee of a company and I have a permanent employment contract and I am socially insured. At the same time, apart from my main job, I sell new accessories across platforms. Can I pay 15% income tax without anything else binding such as social security, starting a company, ...