Zero Declaration at LTD

Zero Declaration at LTD   

Question:

Hello, I have the following questions if I find Ltd., and then I decide to hide it. Is it true that every year, besides a zero declaration, I have to make publications in the newspaper worth 100 leva. And how much does it cost to close the company if I close it, so that I do not make declarations and not publish in the newspaper. I'm also interested in 50,000 leva per month, I am registered for VAT or from the beginning I am subject to VAT, except 10% profit tax. Thank you.
 

Answer:

Hello,
After registering a new company does not mean that it starts to work. It simply exists in legal peace with its identification code and name. If you decide to stop doing business at a certain point in time, you do not need to close your company, just to file a statement that the self-insured person (the owner) is suspended. If in a year you have carried out some activity with reported expenses and revenues, after the end of the year (at the beginning of the next), the statistical office will be prepared and submitted to the Statistical Office, a tax return at the NRA and the Annual Financial Statement in the Commercial Register. You are under no obligation to publish in newspapers and other publications, as the Commercial Register is public and can receive the necessary information from the users. In the years in which the company has no activity, no statistical report is submitted, only a zero tax return (one page) is submitted to the NRA and a zero report is entered in the commercial register. Publishing in the Commercial Register costs 40 leva if submitted in paper form and 20 levs if submitted electronically.
VAT registration is mandatory and optional. It is obligatory upon reaching 50000 BGN turnover (of revenue). within 12 consecutive calendar months. But if you wish, you can register before, without having reached 50000 for 12 months. Depending on the field of activity, you may have or do not benefit from the VAT registration, but this is a matter that may be further discussed.

Greetings.