News

Partner and manager of two companies. Social security.   Question: I'm due to register a second company. I already have one company in which I am a partner with a 50% share of the capital and a Manager. In the second company I will also be a partner with a 50% share of the capital and a Manager. In both companies (the old and the new ...

Entitlement to paid annual leave     Question: Hello I want to ask if I am entitled to paid annual leave.I have more than 2 years of work experience.It was my friend since August 2014 I was out of work until 20.02.2015 and it was so that I had to leave again and now claim that I am not entitled to leave and they do not want to ...

Proform and cash payment. Features.       Question: Hello, there is a translation from Macedonia for forthcoming CMPs. Is there a change in the pro forma form of the one for Bulgaria? If it is in cash what is needed? Thanks in advance!   Answer: Hello, As you know, one transaction (no matter how much the payment will ...

Which businesses need to pay an advance tax?        Question: Which enterprises have to pay an advance tax?   Answer: Hello, If in 2014 the net revenues of a company are up to BGN 300 thousand. there is no obligation to make advance payments. If the net sales revenue was between BGN 300 thousand. and BGN 3 million. ...

Sole trader without VAT registration - deal with a UK customer       Question: Hello! We are a small company registered as an ET and we do not reach the threshold for VAT registration. I deal with the production of hives. Currently I have an order for the production of hives from Great Britain. Could you please explain how such a ...

Farmer. Social security      Question: Well, Thanks to the pre-requisite and all the excuses, as a question, not from your competence. The applicants of the land plots (family hail and livadis generally 20 d.) For directing the plaques in the regional service on agriculture. Theses are more numerous than the applications for 2012, but ...

Construction company in Belgium. Opening characteristics, taxes     Question: Hello, I want to open a Bulgarian construction company to work with in Belgium: - what is the procedure; - are there any peculiarities and what they are; - how much would it cost me; - what taxes, taxes and insurance I will have to import (bg or ...

Civil contract. Insurance and Taxes   Question: Hello, I am a natural person appointed on a labor contract. They offered me work on a civil contract, and we understood about an amount of "X" levs. I signed the contract, but I did not pay attention to a point saying that "THE CONTRACTOR is obliged to pay the contributions and taxes ...

Declaration of income from advertising on Google Adsense       Question: Hello, For about a year and a half, I have earned income from advertising space in the Google AdSense program. I do not declare them anywhere and do not pay taxes for them. I am permanently unemployed. Recently, incomes have risen significantly. ...

Purchase and operation of FTA by a Bulgarian company in the United States    Question:   Hello. A Bulgarian real estate consultant (NOT registered under VAT) wishes to invest in US-funded derivative financial instruments as our company enters into a contract with a US company authorized to trade on the stock markets in the US. For ...