Important! The performance of the service requires you to provide us with a qualified electronic signature issued by an electronic certificate service provider or an explicit notarized power of attorney! When you request the service, we will send you detailed instructions on how you can do it!
At a time when business demands greater flexibility and operability, Elan Consulting's service for online VAT company registration in Bulgaria is a key tool to speed up and simplify this important process. This innovative service has been developed in order to offer Bulgarian and foreign entrepreneurs an easy and affordable way to enter the Bulgarian market, while ensuring full compliance with the legislative requirements for VAT registration. With the help of our website, customers can carry out the entire process online without the need for a physical presence, which saves valuable time and resources.
Elan Consulting understands the importance of correct and timely VAT registration for the success of any business. Therefore, our service includes not only the preparation and submission of the necessary documents for registration, but also comprehensive assistance and advice on VAT taxation and financial planning. Our goal is to provide our clients with a smooth transition to a successful business in Bulgaria, being by their side at every stage of the process, offering expert knowledge and professional solutions for all issues related to VAT registration and tax regulations.
For clients of Elan Consulting who have entered into or concluded a contract for accounting services for a period of 3 years, the VAT registration of a company is FREE of charge!
In order to apply for the online VAT company registration service at Elan Consulting, it is necessary to take several important steps and meet specific requirements. The most important of these is to provide us with a qualified electronic signature issued by an accredited provider of electronic certificate services, or an explicit notarized power of attorney. This is a critical component in the registration process, as it verifies your identity and allows you to perform legal actions electronically in accordance with Bulgarian law.
After requesting the service, our specialists will send you detailed instructions on how you can get a qualified electronic signature, if you do not have one yet, or how to issue and notarize a power of attorney. These steps are important to ensure that the entire VAT registration process is carried out to the highest standards of security and legitimacy.
It is also important to be prepared with all the necessary documents and information about your company that may be required in the registration process. This includes, but is not limited to, identification documents, articles of incorporation, information about managers and owners of capital, as well as other relevant documentation that supports the business activities of your company.
Elan Consulting is committed to providing full support and advice throughout the process to ensure the smooth and efficient execution of your VAT registration. We value your trust and strive to provide high quality services that meet your business needs and expectations.
Choosing Elan Consulting for online VAT company registration offers several key advantages that can greatly facilitate and optimize this process for you. First, our online registration platform is designed to provide maximum convenience and efficiency, saving you time and resources. Registering a VAT company online eliminates the need for a physical visit to government institutions and allows you to manage the entire process from anywhere in the world, as long as you have an internet connection.
Secondly, Elan Consulting provides not only technical support for the registration itself, but also comprehensive consulting services related to taxation and financial planning of your activity. We understand the complexities of tax law and strive to provide updated information and personalized advice to suit the specifics of your business. This includes an analysis of your tax liabilities, tips for optimizing taxation and preparing for possible tax audits.
Thirdly, our team of experts is always available to answer your questions and provide the necessary support throughout the registration process. We value your time and business and strive to provide personalized service that meets the unique needs and requirements of your project.
By choosing Elan Consulting for your online VAT registration, you trust professionals with years of experience who have the necessary knowledge and resources to facilitate every step of the process. We are here to help you successfully go through the VAT registration procedure by ensuring that your company meets all legal and regulatory requirements in Bulgaria.
Applying for VAT registration for your company in Bulgaria is an important step that you should take under specific conditions, according to the Value Added Tax Act (VAT). The deadlines for submitting an application for registration vary depending on the basis for registration and the specifics of your activity.
When your taxpayer generates taxable turnover of BGN 100,000 or more for a period not longer than the last 12 consecutive months prior to the current month,you are obliged to submit an application for VAT registration within 7 days of the expiration of the tax period during which this turnover was reached. In the event that the turnover is reached for a period not exceeding two consecutive months, including the current one, the application should also be submitted in 7-day period from the date of reaching the turnover.
For persons who are not established in the territory of the country and carry out taxable supplies of goods or services other than those for which the tax is payable by the recipient, it is necessary to submit an application for VAT registration within 7 days before the date on which the tax on the taxable supply becomes chargeable. This also applies to taxable supplies of goods which are installed or installed in the territory of the country by or at the expense of the person, where the recipient is not a VAT registered person.
Specific deadlines are also set for intra-Community acquisitions, distance sales, as well as for various other circumstances that may require VAT registration. It is important to note that in case of voluntary VAT registration, a specific deadline for submitting an application does not apply.
For the successful submission of an application for VAT registration, Elan Consulting will provide you with detailed instructions and support you in the process. It is important to know that in order to perform the service, it is necessary to provide us with a qualified electronic signature issued by an electronic certificate service provider, or an explicit notarized power of attorney. This ensures the legality and security of the registration procedure.
Once you request the VAT registration service of your company with Elan Consulting, the process develops quickly and efficiently. We start by reviewing the documents and grounds for registering a VAT company, and when everything is in order, we submit an application for registration by proxy. Within seven days of submitting your application, the competent authorities carry out a check on the existence of grounds for registering your company under the Value Added Tax Act (VAT). This verification is an important step that ensures that all criteria and conditions for registration are met in accordance with the legislation.
Upon completion of the check, depending on its results, an Act of registration under the ZDA or a reasoned refusal will be issued. In the event that all requirements are met successfully, you will receive an Act of Registration, which means that your company is officially registered under the VAT and can start its activities according to the regulations of the VAT. It is important to note that the VAT registration process is a key element of running your business, ensuring the correct implementation of tax laws and norms in the country. Elan Consulting is here to support you throughout the process by providing the necessary expertise and guidance for the successful registration of your VAT company.
If you do not register your company for VAT within the prescribed period, this can lead to the imposition of fines by the state. The penalty for failure to comply with the obligation to submit an application for compulsory VAT registration varies depending on the status of the person. For individuals who are not traders, a fine is imposed, while for legal entities and sole traders the penalty is in the form of a property penalty. The amount of these penalties is in the range of BGN 500 to BGN 5000.
These measures underline the seriousness with which the State approaches the requirement of VAT registration and are intended to promote timely and accurate compliance with tax legislation. It is important to note that VAT registration not only avoids the risk of fines, but also ensures the proper and lawful functioning of your company within the Bulgarian tax system.
The threshold for mandatory VAT registration in Bulgaria is set in the Law on Value Added Tax (VAT). According to Article 96 (1), any taxable person who is established in the territory of the country and generates a taxable turnover of BGN 100 000 or more for a period not longer than the last 12 consecutive months preceding the current month is required to register for VAT. This threshold represents the amount of all taxable goods and services sold by an undertaking, whether they are subject to VAT at the standard rate, the reduced rate or exempt from VAT with a right to deduct tax credit.
VAT registration is not limited only to cases when the mandatory threshold is reached. Businesses can choose to voluntarily register for VAT before reaching this threshold, which can offer a variety of tax advantages, including the ability to refund input tax. Voluntary VAT registration is particularly attractive for businesses that make significant investments at the initial stage of their activity or for those who offer goods and services, mainly to other VAT-registered traders.
Therefore, it is important for each enterprise to carefully assess its activity and turnover in order to determine the appropriate moment for VAT registration. The decision on registration should be made taking into account not only the current, but also the future planned operations of the enterprise, since VAT registration can have a significant impact on the pricing, accounting and taxation of the business.
According to the new text of Art. 96 of the Law on Value Added Tax (VAT), in force from 01.01.2025, the threshold for mandatory VAT registration for taxable persons who are established in the territory of the country will be increased to BGN 166 000 taxable turnover. This means that any business generating a taxable turnover of BGN 166 000 or more for a period not longer than the last 12 consecutive months before the current month will have to submit an application for VAT registration within 7 days of the expiry of the tax period during which this turnover was reached. In the event that the turnover is reached for a period not exceeding two consecutive months, including the current month, the application for registration should also be submitted within 7 days of the date of reaching that turnover.
This amendment represents a significant increase in the threshold for mandatory VAT registration, which will have an impact on many businesses in Bulgaria. Raising the threshold aims to reduce the administrative burden for small businesses and support their development by allowing them to reach a higher turnover before they become obliged to register for VAT. This amendment could offer additional flexibility for growing businesses, allowing them to plan and manage their tax liabilities more efficiently.
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