However, each company performing independent economic activity may apply for voluntarily VAT registration at any time from the first day of its corporate registration as long as it has not reached the above threshold.
The voluntary registration is a general one and allows a deduction for any input VAT due by the recipient of supplies of goods and/or services used for further performance of taxable supplies. It is recommendable for any company the activity of which covers more than VAT exempt supplies such as financial, insurance, health, educational, etc. services.
Our experience shows that the immediate voluntary VAT registration is highly recommended for any new company which already performs or is planning to perform taxable supplies and:
For our clients who are planning to invest in a Bulgarian company the activity of which will cover any of the hypotheses we offer two alternative solutions: