With the increasing popularity of online commerce, more and more businesses are selling goods and services through internet platforms. It’s important for online store owners to be familiar with the legal requirements for registering an online store with the National Revenue Agency (NRA). In this article, we will explore when and why an online store …
When and Why Should We Register Our Online Shop with the NRA? Read More »
Reclaiming VAT from Abroad VAT refunds from EU countries can be an important financial tool for your company. To facilitate international trade and optimize your financial flows, understanding and managing DDS recovery processes is essential. What is a VAT Refund from Abroad? VAT reclamation allows Bulgarian companies registered for VAT in Bulgaria to recover taxes …
Key aspects of Article 97a of the VAT Act Registration under Article 97a of the Value Added Tax Act (VAT Act) is specific and particularly important for Bulgarian companies that interact with international service providers such as Google, Meta, platforms like Upwork and Fiverr, or use hosting and other online services from abroad, as well …
Registration under Article 97a of the VAT Act, also known as “partial VAT registration” Read More »
What is DAC 7? On September 30, 2022, amendments to the Tax and Social Insurance Procedure Code were proposed, introducing the seventh amendment to EU Directive 2011/16 on administrative cooperation in taxation, also known as DAC 7. These amendments pertain to the automatic exchange of information on income received by individuals who sell goods and …
Successful Entrepreneurship in Bulgaria: A Guide to Starting a Business Embarking on the journey of creating your own business in Bulgaria can be an exciting yet challenging endeavor, requiring attention to detail and strategic thinking. Whether you are a novice entrepreneur or an experienced businessman, having a clear plan and proper preparation is crucial. In …
Every business, regardless of size or industry, is subject to various tax obligations. To ensure successful and smooth financial management, business owners in Bulgaria must be well-acquainted with the different types of taxes they need to comply with. In this blog, we will explore some of the key tax aspects that business owners in the …
Company accounting in 2024 As we enter the year 2024, businesses must adapt to new challenges and opportunities in the field of accounting. The digital era brings forth technological advancements and stringent regulations, demanding innovation and efficient financial process management from the business sector. In this blog, we will explore how to handle company accounting …
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