VAT registration and compliance
Is working on your VAT Return the best way of spending time at work?
Although job satisfaction and other benefits play their part, primarily you are in business to make money. SKM can help you to make more by taking care of your VAT Return, leaving you time to concentrate on managing your business.
Our complete VAT service includes the following:
- Advice on whether to register or not for VAT
- VAT registration and deregistration
- Calculation of the amount of VAT payable or repayable
- Production and filing of VAT returns and VIES declarations to Bulgarian National Revenue Agency
- Management and attendance at VAT inspector visits and investigations
- Helping in arranging due VAT payments to the national budget
- Preparation of specialised VAT consultations
VAT is a complicated tax and it is essential that your business complies with requirements in Bulgaria. Failure to do so may lead to serious financial penalties and interest charges. SKM shall manage all your VAT needs. Just contact us.
One more thing! 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 set up 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.