Official change by the NRA of the VAT number for individuals

   From October 1, 2022, the National Revenue Agency will ex officio change the identification number for VAT purposes under Art. 94, para. 2 of the law for natural persons, other than a sole trader, who are entered in the BULSTAT register with a single identification code other than a single civil number or a personal number of a foreigner, and for whom, until that date, the identification number for VAT purposes is the single civil number or the personal number of a foreigner preceded by the sign “BG”.

   For these persons, as of October 1, 2022, the identification number for VAT purposes under Art.94, para.2 of the law is the single identification code according to BULSTAT, preceded by the sign “BG”.The changes are in line with the amendments to the Regulations for the implementation of the VAT Law in order to protect the personal data of natural persons (in accordance with Regulation (EU) 2016/679 of the European Parliament and of the Council on the protection of natural persons in connection with the processing ofpersonal data).

Legal Entity

   The concept of “Legal entity” does not exist in Roman law. But at that time there were corporations, for the formation of which there had to be at least three founders. Much later in the 19th century, the legal entity began to exist and have a legal form. It is recognized s a commercial company. One of its advantages is the capital structure, the capital enables large funds collected as resources to ndependently satisfy the interests of the enterprise. Each legal entity is represented by a manager or managers, their goal is to ationally distribute the wealth of the company.A legal entity can separate property that varies over time to different degrees. 

The roperty is tangible and intangible, the company operates with it to multiply its funds. A legal entity is an independent entity with responsibility and obligations.

According to their types, they are legal entities subject to public law created by state acts, for example, state institutions, municipalities, and the rest of the entities directed to private law. Here the subjects are divided into two sub-types with economic purpose and are mainly subject to commercial law and non-profit aimed at civil law. Organizations with cultural, scientific, religious, political activities in other countries are considered as such.

Corporations have as members individuals and/or legal entities with established legal relations between them. The legal entity acts according to the current legislation, it is created in a certain order, the statute is mandatory, it contains the address and registered office of the legal entity, with a business purpose it describes what it will deal with.