Taxes and insurance for copyright and licensing rights

Taxes and insurance for copyright and licensing rights

 

Question:
Hello!

I work on an employment contract in a company hired for 8 hours, I have 50% TEM. I want to practice an additional free profession. It's a blog, an online book with a subscription to my site and a freelance activity. In order to be able to apply a paid subscription to the books on the site, I need to register. I am interested in what is needed to be able to perform this activity. And how should I insure myself.

I found this article, but I don't know if it's up to date:

http://consultbg.weebly.com/1055108610831077107910851086/-freelancer?fbclid=IwAR3fnBei_Lg4WmIdWdRAnxGzwUAfRB1CRPUH4W_i5q4zSxMZ-o4W8IilIiQ

Thanks in advance!

 

Answer:

Hello,

The article is not 100% up to date. The steps for registration in the Bulstat and NRA registers are valid, but the insurance book for the self-insured persons has already been dropped. Also, some of the forms to which there are links in the article are not up to date.

What you need to know is that in order to register in the Bulstat register as a freelancer, you must attach to the registration documents a copy of the Diploma, Certificate or other document certifying that you have professional skills in the field, in which you declare you will work. In your particular case, it is very important to determine exactly the object of your activity. If it is about your personal creativity - in this case a book that you have written and plan to distribute electronically through your or someone else's site, then the income from this activity would not be insurance income and therefore you will not need to register in the Bulstat register. However, if at the same time you work on customer orders - for example, your client gave you a specific task on which to write a text, then the obligation to register in the Bulstat register already arises.

In any case, the income from copyright and licensing rights is taxed with 10% tax, and the income itself is reduced by 40% of legally recognized expenses and the insurance contributions made. Separately, after you have a decision from the TEMC for 50% incapacity for work, the annual basis on which the tax due will be calculated will be additionally reduced by BGN 7920.00 (if you have been operating all year) or by BGN 660.00 for each month. for which you have carried out an activity.

And the last thing you need to keep in mind - the minimum amount on which you will have to insure (if you are subject to insurance) the minimum monthly insurance income for the year. At the end of the year an annual equalization is made and if the received insurance income from your activity is higher than the insurance income on which you have paid insurances, then you add the difference. There is also a maximum insurance income on which insurance is due. If the amount of your insurance income (including your income from an employment contract) exceeds this amount on a monthly basis, you will add insurance to the amount of the maximum insurance income.

We hope we have been useful to you!

Greetings!