News

Registration in the National Revenue Agency for the start-up of the company              Question: I registered EOOD, BULSTATA came out, my question is I should immediately go to the Registry Agency to register as I will yet sign a partnership contract with an insurance agency and EASYPEY or can it afterwards within 7 days after ...

Should a lawyer issue invoices for the services performed?        Question: Hello, I would like to ask. As a lawyer appointed on a consultancy contract, should I issue invoices for the services rendered and for the agreed monthly remuneration? Am I ever obliged to issue invoices in this case? So far, I have not issued any invoices ...

Reflection of expenses for electricity, water and telephone in the cost book      Question: How do we reflect the costs in the book? Typically, the invoices for electricity and telephone come with a certain delay and there is always a discrepancy between the invoice date and the date of payment. For example, my invoice for a ...

Costs of insurance of a sole trader        Question:   Hello, I am a sole trader and I am insured with a minimum threshold of 420lv. Every month, I am paying 74.80 BGN for PSD and 33.60 for NHIF. Do the costs incurred be recognized by tax law and can I deduct them from the profits. Thank you in ...

Annual closure, GTD and NSI reports.   Question : Hello, what documents do you require for the annual closure and preparation of NSI and DDD reports? I'm interested in you finishing the bills or just filling in the reports and the declaration in the case of a completed turnover. Thank you for your reply!   Answer : Hello, In ...

Recognition of Expenses on Mission of a Manager    Question: Hello, I ask you for your competent opinion on a very controversial issue: What costs are recognized when the manager of EOOD, who has concluded a CUP with the company, is traveling, but the trip is made by private car. Thank you in advance.   Answer: Hello, When ...

VAT, profit tax and net profit on the sale of goods     Question: Hello, I need advice on the following: I have a manufactured item that I sell to a customer with an invoice for the amount 6677.4 VAT included. I also have cost invoices for the goods for 4010 BGN with VAT. My request for consultation is the following: What VAT do I ...

Hospital during pregnancy. Yes or No..                                              Question :   Hello I have a question about a hospital during pregnancy. I am currently pregnant at 5 months and my employer wants to go to hospital because it would be better for him. The salary we get under contract is the ...

Lease agreement and obligations of the parties    Question: With my husband we rent a shop / signed contract from July 2014 /. Tenant is a company. The monthly rental price is 100 leva. The rent from July to December will be paid in December. What are the obligations of the tenant / documentation, should I be subject to VAT? The tenant ...

Language of electronic invoices       Question : Hello, I am a manager of a VAT registered company offering internet services on the Bulgarian market. So far, I have issued electronic invoices with VAT in Bulgarian. I start focusing my business on the foreign market (inside and outside the EU). My question is how do ...