News

Drop shipping - accounting, taxes?     Question: Hello, I want to start my own online business that operates by the method - dropshipping - the process of buying goods from an online store (vendor) and selling it to my one (seller) at a premium. The process of packing and delivery to the end customer is carried out by the shop - ...

Posting a US invoice at a Bulgarian company     Question: Hello! I have a question : EOOD, registered under VAT, a Bulgarian company with activity in computer technology, purchases domain name from a company from the USA, VAT number is not reflected, VAT is not charged. Should a Protocol under Article 117 be issued, under which ...

Translation services - labor contract and freelance     Question: Hello, I want to ask you if if a person works on a contract of employment (I am a full-time teacher, that is, on a salary) whether he can also register as a self-employed person (BULSTAT) as an interpreter. If so, which one do you think would be the best option - to ...

Design services in construction     Question: Hello, My colleague and I are planning to register a limited liability company whose main activity will be design construction services to other EU countries - Germany in particular. I have the following questions: - should we immediately register under the VAT Act after providing ...

Registration of a software company   Question: Hello, When you register a software company that will generate advertising revenue, how to describe the software that will be imported as an initial asset (this software will also generate advertising revenue, will not help in the production of new software, and will already ...

Online sales of boutique goods     Question: Hello, I have a registered EOOD for several months, so far I have no activity, I only pay for company internet, I have no employees and office. I want to start buying products from Chinese manufacturers specially made for my company. Initially I will sell online - Facebook, Olx, etc., ...

Manicurist - ET or freelance     Question: Hello, I want to start working as a manicurist. The question is do I register as an ET or as a freelance (self-insured person)? Which of the two registrations would be appropriate? Greetings!   Answer: Hello, If you have a document (diploma, certificate or other such) ...

VAT levied on VAT and on goods imported   Question: Hello, I would like to ask a question about the pricing of a product that I plan to import from another EU Member State. As far as I am aware, I will buy the goods from country X without VAT. My question is - when should I pay VAT in Bulgaria and how exactly is VAT deducted for the ...

Compiler of the Annual Financial Report   Question: Hello, I would like to consult with you about the completion of the annual financial statements and more specifically the compiler of these. We have a company EOOD, with a pensioner owner and manager. The company has no employees since it was opened for the purpose of placing coffee ...

EU distance sales   Question: Hello, EOOD, based in Bulgaria, can NOT be VAT registered and operate legally? This is a PayPal business account, which is yet to be verified with the company. The amounts received in the account do not exceed the limit of the countries to which the product is sent and do not exceed 50 000 BGN. Does it ...