Tag Archives: VAT registration

VAT registration of an entity, whose manager has outstanding tax liabilities exceeding 5 000 BGN

It is a common case where the commercial activity of an entity requires VAT registration of a newly established company. However, it would be an obstacle if the manager has outstanding liabilities to the budget exceeding 5,000 BGN (which originate … Continue reading

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Is VAT due for advance payments before the Company is VAT registered?

Value Added Tax Act (VATA) treats advance payments received before VAT registration of the Company as a specific case for VAT accrual.

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Can physical persons get VAT registered under the VAT Act?

Years ago it was quite unpopular physical persons to be registered under the Value Added Tax Act (VAT Act), but a legal requirement for natural persons to get VAT registered under certain conditions does exist. This used to be so … Continue reading

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Downpayments – a VAT credit right in case of registration under the VAT Act

I will neither comment on the general conditions of the VAT credit right nor the overall procedure of using a VAT credit in case of registration under the VAT Act. I will only review the possibility of a VAT credit … Continue reading

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