News

Selling a property and  VAT registration     Question: Hello, I have a problem! A company with English owners has not been active and has no intention of developing such a business. About ten years ago they bought a property-building, a yard, a right to build by a physical person, and in the notary deed everything is ...

Selling a site from a US company       Question: Hello, We discuss with a US firm an opportunity to develop a website from Bulgarian EOOD, registered under VATA under Article 100, paragraph 1. The question that I am interested in is the form in which the sale of the website development service, Is it sufficient: 1. ...

Paid leave  without work experience      Question: Hello, I am appointed as a speech therapist for 4 hours as of 06.02.2017 and is my first place on the labor contract and I have no work experience. Do I have the right to sick and paid leave, and if so which members, because they told me that I do not have such a right ...

Annual financial statement and zero declaration    Question: Hello, how many years after a firm has stopped working, you must file an Annual Financial Statement and a zero tax return. Thank you in advance.   Answer:   Hello, Although the company is suspended, this does not remove your obligation to ...

Registration of OOD.  VAT registration ?      Question: Hello! With my partner we decided to start a business and proceeded to the registration of OOD. we will sell bio-fertilizers. They advise us not to initially register via VAT but to wait for the mandatory VAT registration (50,000 leva). My questions are: 1. Is it ...

Supply of services and intra community acquisition  Invoice Term     Question:   Hello, I am addressing you with one case study on company accounting. According to Art. The VAT invoice shall be issued not later than the 15th day of the month following the month in which the tax event for the delivery ...

Closing of the company with frozen activity       Question: Hello, I have a registered business (ET) that is frozen but not closed. The company has a property - a warehouse with land to it and a loan with which the warehouse was bought. What is the procedure for closing a company and what happens to the warehouse and the ...

Consultancy. Requirements. Company registration?     Question: Hello, I want to ask you what are the requirements for registration of a company that will perform consultancy (in the food industry)? Is there ever a need for company registration or can only be concluded for consultancy services directly between firms and the ...

Online store. Registration  of Company and accounting     Question: Hello, I have focused on creating an online store and I have a few questions about its accounting and accounting services further. 1. What is the process of registering such kind of stores? 2. For company registration, what documents should be submitted and ...

Forwarding company.  VAT refund        Question 1: Hello, this is a refund of VAT to a forwarding company. The company is engaged in shipping without being a carrier. I came to two accountants, with each accountant giving me different answers. Let me say, this month I have resubmitted for 4-5 hours at 900 ...