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Apartment for rent   Question: Hello! I am a private person with permanent residence outside the territory of the Republic of Bulgaria. I am the owner of an apartment in Sofia, which for the time when I am not in the country (ie I partially use) I rent through the online platforms Booking, Airbnb and others. The rent of the apartment is ...

Online store   Question: Hello! I plan to create my own online store. In the beginning I consider selling T-shirts with a textile print, and at a later stage to start creating my own clothing models. I plan to make sales mainly through the social networks Instagram and Facebook, as I have an audience to help me grow my business. I need ...

Rental income tax   Question: Hello! I have a room that I started renting out. Since I'm not familiar, I wonder if I have to pay any income taxes? Thanks!   Answer: Hello, You owe 10% income tax, and 10% of legally recognized expenses are recognized on the rent itself. If you receive the rental income from a company, ...

An individual carries out commercial activity   Question: Hello! As a natural person not engaged in commercial activity, I registered for VAT. The reason for this is the purchase and installation of a photovoltaic system on my own real estate, with which to sell electricity to an electricity distribution company. I received invoices for ...

Earnings from shares   Question: Hello! I want to buy shares in an online platform and I am aware that the profit must be reported to the NRA. My question is: since I want to invest in the long run, when the price of the shares rises, without selling them and making a profit, am I obliged to declare this price increase and to be ...

Online fitness trainer   Question: Hello! I want to start a business for an online fitness trainer. What kind of company should I make and how should I proceed? Thanks in advance!   Answer: Hello, In your case, the most suitable options to develop the activity described by you are two - to register a Single Limited ...

Construction and sale of a house - taxes   Question: Hello! I would like to ask what would be the resulting tax liabilities for an individual who plans to build and sell a house in a commercial way (without a subcontractor) in his own land? What advantages / disadvantages would the person have if he carries out the activity through ...

Declaring a company bankrupt   Question: Hello! How can I declare a company bankrupt - it's about EOOD, what is the term? And since when does the bankruptcy of the company start? Thanks in advance!   Answer: Hello, Generally speaking, the insolvency proceedings are as follows: You or your creditor must file for ...

Premises for rent - taxes   Question: Hello! I have a room that I plan to rent for cosmetic procedures. Since I'm not familiar, I wonder if I have to pay any income taxes? Thanks in advance!   Answer: Hello, You owe 10% income tax, and 10% of legally recognized expenses are recognized on the rent itself. If you ...

Purchased property from a company through a loan from an individual   Question: Hello! I have a company - Ltd., which years ago bought an apartment. To buy this apartment, I gave the company a loan because it had no funds available. The loan was granted for a period of 5 years. During these five years, however, the company did not raise ...