our services / VAT registration and processing

If you present a foreign for Bulgaria Company, and you are selling goods in Bulgaria, or providing services in our country, without having your own office, branch, company, or any other establishment, you may have to register for VAT, under the provisions of Bulgarian VAT Act.

This registration can be done only by a Bulgarian Accredited Representative according to the provisions of Bulgarian VAT Act.

For example, if you are making distant sales using Internet to unregistered individuals, and during the last 12 months you made turnover bigger than BGN 70 000, you have to register under Bulgarian VAT Act. It is not necessary to setup an establishment in Bulgaria if you decide to use local VAT representative. In this case, the only thing you have to do is just contact us.

Being an Accredited Representative SKM provides professional services in the fields of VAT registration and presentation of noncitizens of Bulgaria, and monthly compiling of VAT returns and their submission to National Revenue Agency.

SKM could serve you professionally in the following VAT tasks:

• BULSTAT registration of non citizens of Bulgaria – required action before VAT registration;
• VAT registration and presentation as Accredited Representative of non Bulgarian citizens according to provisions of Bulgarian VAT Act;
• compiling of monthly purchase/sales books (ledger book);
• compiling and submission of monthly VAT Return;
• helping in arranging due VAT payments to the national budget;
• preparation of all necessary bookkeeping spreadsheets according to Bulgarian legislation;
• preparation of specialised VAT consultations.

Penalty regimes exist in Bulgaria, for non-compliance with VAT Act, so it is important for every foreigner, penetrating Bulgarian market, to establish its liability for VAT before undertake activities here. To avoid any such penal situation you may just contact us.