Trade in Third Countries

Trade in Third Countries

Question:
Hello!

I have a registered company EOOD in Bulgaria, which is not registered for VAT. I want to start selling products from Asia in England, Ireland and Scotland. These are cosmetic products and I can request an invoice from the supplier in Asia. I want to sell them through my online store / retail sales in the above-mentioned countries / through targeted advertising on social networks at appropriate prices. In this case, do I owe any VAT, since the company is not registered for VAT? Are there any documents that I need to submit in other countries?
Thanks in advance!

Answer:
Hello,
By presumption, since your company is not registered for VAT, you have no commitments related to VAT - declaration, charging, payment.
However, it is another question whether the company's activities do not require or will not require VAT registration in the future. Such circumstances would be:
- if you reach sales worth over 100 thousand BGN. for the last 12 months
- if you receive services from companies outside Bulgaria (for example, if the advertising on social networks that you plan to do is paid)
- if you reach sales worth over 10 thousand euros to individuals in the European Union (but outside Bulgaria).
These are not all cases for VAT registration, but they are those that we believe are likely to affect your business.
If your company does not have any commercial premises (shops, warehouses, offices, etc.) in the countries where you sell your goods, then it is fully subject to Bulgarian legislation and accordingly in the countries where you make your sales there will be no requirements for you - documentary, tax, etc.
We hope that we have been useful to you!
Greetings!