Blog
I write about what my clients ask most often: deadlines, taxes, payroll and what to prepare before the year ends.
Where ownership of a property (a hotel and the land) is split between a company and individuals, several separate but connected tax questions arise: is VAT due, how is the company's taxable profit formed, and is the income taxable for the individuals. Below I work through these questions on a specific example.
A Russian Federation citizen with a continuous residence permit who is registered as a freelancer in Bulgaria is a self-insured person under Art. 4(3)(1) of the Social Insurance Code. I set out which contributions are due, why continuous residence means no health insurance contributions arise, and how the advance tax is determined and paid. With the deadlines for forms 1 and 6, the return under Art. 55(1) PITA and the annual tax return under Art. 50 PITA.
