Ateya-M Accounting and Tax Services E-commerce in Bulgaria
We offer accounting services, tax presentation and consulting for sales of goods and services on the Internet through our own electronic store, classifieds platforms (OLX, Bazar) or social networks (Facebook, Instagram), etc.
E-commerce is a commercial activity that requires accounting of all business operations on the occasion of realized income and expenses, taxation of the income from the activity.
Any sale of goods or services via the Internet is carried out under the conditions of a distance contract under Art. 45 of the Consumer Protection Act. In this type of shopping, the customer has the opportunity to select products and services through a shopping basket or otherwise, as well as to provide contact information for the buyer, the delivery address and the payment method. – §1, DR, item 87 of VAT Act.
Sales by courier accounted for by Postal Money Order (PMO) or by cash on delivery documented with a receipt.
When selling items for personal use and items that were not bought for the purpose of being resold, the sellers do not owe tax and do not need to declare the received amounts. Those who wish can indicate these incomes in Appendix No. 13.
Individuals who has e-commerce revenue from the sale of goods purchased with the aim of being resold should submit an annual tax return and indicate the revenue in Appendix No. 2. The taxation of these incomes is equal to the taxation provided for in the Personal Income Tax Act for sole traders. They are taxed with a 15% tax on the annual tax base under Art. 28 of the Personal Income Tax Act. The deadline for declaration is June 30, and the tax due must be paid in the same period.
E-commerce Accounting Services
Declaration of an online store in the National Revenue Agency in accordance with paragraphs 1 – 4 of Article 52m of Ordinance No. H-18/2006, in accordance with Art. 118, para. 20 of VAT Act, List of the NRA with the registered electronic stores;
Taxation of individuals when selling on the Internet;
Taxation of sales on the Internet carried out by companies with declaration and taxation according to Corporate Income Tax Act (CITA). Taxation with corporate tax of revenues from e-commerce;
Taxation of Internet sales with VAT;
Sales documents issued by an e-store;
Useful: NRA’s comment on which eCommerce revenue should be declared: