Registration under VAT

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According to the tax legislation of the Republic of Bulgaria, each economic operator who exceeds a turnover of BGN 50 000 is required by law to be VAT registered pursuant to the Value Added Tax Act /VATA/.  There is a second option to register under VAT and it is voluntary, by your choice and willingness.  In both cases, there is a special set of documents required, which are drawn up by the team of  BALKAN BUSINESS HELP and signed by the company management; then the activities of announcement before the NRA authorities are performed, to the effect that the applicant would like to register under VAT or that it has reached the threshold of its turnover.   After about 7 days, you will already have a VAT registration.  As a result, your company will also receive an international tax number, being entered into the VIES system.  This entry is especially important for our customers who are profiled in the field of international services and trade because carrying out intra-community supplies (ICSs) or acquisitions (ICAs), their services, respectively their goods will be VAT-free.  After the entry of your company in the VIES system, you will also receive a VAT number enabling you to certify before your customers and counterparties that you have a valid registration.   An online reference thereof is also possible.