Provision of a service by an NGO to a foreign company

Provision of a service by an NGO to a foreign company

Question:
Hello!
For several months, an employee has been appointed to an employment contract in an NGO for public benefit, which has not been active. The person is engaged in consulting activities on a business project, according to which BGN 56,000 will be transferred from a German company based in England. Does it have to be registered for VAT? After that, there will be no activity again. Does the fact that the transfer is from abroad oblige us to submit any reports to the National Revenue Agency?
Thanks in advance!

NGO, company headquarters, European project, VAT registration, accounting services, Varna, Ruse, Plovdiv, Burgas, Sofia
Answer:
Hello,
It is of great importance whether the company to which you will provide a service and therefore receive payment is German or English (a company based in England is generally an English company).
If you provide a service to a legal entity with a registered address in a non-EU country, you are not required to register for VAT. However, if you provide a service to a legal entity registered in an EU country, you are subject to mandatory VAT registration no later than 7 days before providing the service. We emphasize that it is important where the legal entity to which you will provide the service is registered.
We hope we have been helpful!
Greetings!




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