When the sole owner of the capital/partner, shareholder is a natural person who also has the status of a sole trader (ET), the question may arise whether the company’s receivables from the sole trader, which arise from commercial transactions (sale of goods and services, etc.) should be declared?
Tag: Bulgaria
Health insurance for family members of a foreign citizen with an EU Blue Card residence and work permit
In connection with the “EU Blue Card” type residence and work permit received by foreign citizens, the issue of health insurance for their family members who wish to reside in Bulgaria arises.
It should be borne in mind that in order for a person to be liable for health insurance in Bulgaria, he should be within the scope of the persons who are compulsorily insured by law.
Tax treatment of the funds received for the performance of a contract for management and maintenance of property
When executing a contract for property management and maintenance in Bulgaria, a question arises for the tax treatment of the funds received by the company which manages and maintains the property in connection with the contract.
Contribution to a newly created commercial company of real estate, purchased with a tax credit, by a VAT registered person
A situation is possible in which a person registered in Bulgaria under the Value Added Tax Act (VATA) owns real estate, purchased with a tax credit, with which the person wants to register a new company. Several important questions arise in this hypothesis. First of all, is it possible to contribute with real estate purchased with a tax credit to a new company that is not a VAT registered person. The second important question that should be answered is what would happen to the tax credit for the real estate in the event that the new company is a registered or non-registered person for VAT purposes.
Taxation of an individual upon receipt of a liquidation share in an LTD.
I. General provisions:
Each partner in a limited liability company (LLC) in Bulgaria is entitled to a liquidation share. Each partner has a partnership share of the company’s property, the amount of which is determined according to his share in the capital. The share in the capital determines the property rights of the partners, one of which is the right to a liquidation share.
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Submission of declarations and reports in the event of a change in the management of the EOOD (LTD.)
In the event of a change in the manager of a limited liability company (LLC) registered in Bulgaria, the question arises from which moment the newly elected manager should be entered in the VAT and Intrastat declarations, in the company’s reports, etc.
Declaration of income received under a civil contract
When concluding a civil contract in Bulgaria, the question arises as to what tax the income received under it is taxed.
Taxable under the Personal Income Tax Act (PITА) is the income from all sources acquired by a taxable person during the tax year, except for income that is exempt from tax by law.
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Taxation of an individual upon receipt of a dividend in an LTD.
I. General provisions:
Each partner in a limited liability company (LLC) in Bulgaria has the right to participate in the distribution of the company’s profit. Each partner has a partnership share of the company’s property, the amount of which is determined according to his share in the capital. The share in the capital determines the property rights of the partners, one of which is the right to part of the profit (dividend right).
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Tax treatment of services provided by a branch of a foreign trader located in another EU member state to Bulgarian branch of this trader
The registration of a branch of a foreign merchant in Bulgaria does not lead to the creation of a new legal entity, but only to a territorially and organizationally separated part of it.
Deduction of tax credit for expenses for travel and business trips of the managers of a foreign company, incurred in connection with the activity of its branch in Bulgaria
When registering a branch of a foreign trader in Bulgaria, a question arises whether the expenses for travel and business trips of the managers of the foreign trader, which are reported in Bulgaria, are subject to tax credit deduction.