We are happy to announce that we have another jubilee in NOVACON team – Stefan Chechev (Tax & Accounting Consultant) makes 10 years since he joined the company. Continue reading
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 from another entity). The VAT Act allows NRA (the National Revenue Agency) to refuse VAT registration in such cases.
of National Revenue Agency (NRA) is an interesting case, for which Varna Administrative Court sent a prejudicial inquiry to the Court of Justice of the European Union (CJEU). The dispute concerns the real performance of services under subscription consulting contracts signed by the Bulgarian company with four other companies.
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