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Completion of GTD for income from securities trading   Question: Hello! I am an individual and I have traded shares on a stock exchange outside the EU. I need a consultation on the ways of filling in a declaration under Article 50 of the Personal Income Tax Act, my obligations to declare the owned assets, realized profit, dividends, ...

Is VAT registered when providing services in Bulgaria and outside the EU   Question: Hello! Ltd. provides software development services to a company in BG and to a company outside the EU. It does not form an annual turnover for mandatory VAT registration. Is there another reason for VAT registration? Thanks in ...

Taxes and insurance for copyright and licensing rights   Question: Hello! I work on an employment contract in a company hired for 8 hours, I have 50% TEM. I want to practice an additional free profession. It's a blog, an online book with a subscription to my site and a freelance activity. In order to be able to apply a paid subscription ...

Tax relief for young families - conditions   Question: Hello! My partner and I are getting married and we are currently in the process of buying a home. Since we want to take advantage of the tax relief for young families, is it possible after the completion of the purchase of the home, to submit documents that we are married and, ...

Use of company property for personal needs - options   Question: Hello! I have a property in the name of my company, which, however, I want to "get out" of it and stay for family use. What are the options? Can it be done with a donation? Thanks in advance!   Answer: Hello, The company can either sell the property or ...

VAT registration after the deadline   Question: Hello! We have a sole proprietorship that deals with trade. We have missed the deadline for mandatory VAT registration. We submitted an application for VAT registration two months after reaching the turnover. We are now registered for VAT. Can you tell me whether we should self-assess VAT ...

Posting of workers in the EU   Question: Hello! A company is registered with the tax office in Germany and pays taxes there, and the workers are posted and their social security contributions are paid in Bulgaria. However, my question is how to determine the tax-deductible income and expenses in a foreign country, as this is only part ...

Freelancer's Annual Tax Return   Question: Hello! I have been developing a freelance activity (IT services) for several months. I work remotely with clients from all over the country, and the payment for the services is made by money transfer through the forwarding companies. At the moment I have generated a small amount for which I ...

Purchase of units of an investment mutual fund from a legal entity   Question: Hello! A legal entity wants to buy units of an investment mutual fund. How will the operation be accounted for? Where will the money for this type of purchase of the company come from? Should they be from the profit? What would be the benefit of a company to ...

Do I have to register for VAT when selling a service outside the EU   Question: Hello! Bulgarian company Ltd. provides only consulting services for Australia, for which it issues an invoice and the amount and is transferred to a bank account. My question is: after the Bulgarian company reaches a turnover of BGN 50,000, is it obliged ...