VAT Registration
The first thing is that an entity has to be registered for general tax purposes in Bulgaria. The general tax registration occurs automatically by virtue of company registration in Bulgaria.
Consequently, the entity may apply for a VAT number in Bulgaria either under a mandatory or voluntary VAT registration. Furthermore, the application, among other things, must include information about the taxable turnover for the preceding 12 months.
The application for a Bulgarian VAT number can be submitted personally when the taxable person is an individual or sole trader, or by the company manager who has the power to represent the legal entity. The application can also be prepared and submitted by a Bulgarian accountant or a Bulgarian lawyer with a notarized power of attorney.
Under the Bulgarian VAT Act, any taxable person who is established in Bulgaria and makes a taxable supply of goods or services is subject to registration.
The Bulgarian VAT Act differentiates mandatory and voluntary VAT registrations. Each of the following conditions of registration involves a different and unique set of requirements.
- Compulsory VAT registration in Bulgaria upon reaching BGN 50 000 turnover
- Compulsory VAT registration for supply or receipt of services
- Compulsory VAT registration for supply of goods and their subsequent installation
- Compulsory VAT registration for intra-Community acquisitions
- Voluntary VAT Registration
Local experts with extensive experience
The process demands applicants to keep track of numerous important factors, including forms, documents, fees, and dates – not to mention the frustrating local bureaucracy that we know how to navigate.
While the process can be nerve-wracking, we know what needs to be done and can both make the process smoother and increase an application’s chances of success.