| |
|
NOMINAL
LTD - Accountancy & Taxation
|
Nominal
Ltd - Bulgaria, Burgas is an accounting
company, specialized in outsource services
in the field of accounting and tax consulting.
Nominal
Ltd provides bookkeeping, payroll processing,
VAT services, accounts preparation,
completion of tax returns, company secretarial
and company registration services.We
offer high quality express accountancy
services for individuals and companies
from all over the world in every district
in Bulgaria. |
|
|
ACCOUNTANCY,
PAYROLL AND TAXATION
Every
business - company or individual (not
only in Bulgaria, but almost everywhere
in civilized world), no matter how large
or small it is, have to submit annual
accounts for the tax authorities, which
accounts are the information core for
completing the tax return. It is therefore
important to be sure that you provide
to the Bulgarian National Revenue Agency
proper information in order to minimise
the risk of unnecessary enquiries and
to meet the requirements of Bulgarian
and EU applicable legislation. We can
provide you our complete acountancy
service not only to comply
with the statutory obligations, but
to to deliver them efficiently and on
time to assure a total peace of mind
to businesses owners as they do not
have to worry about the late filing
penalty for delay in submitting of VAT
returns, Tax returns, company accounts,
Payroll and PAYE forms and Social security
declarations and contributions. The
service inludes accounting, payroll
and taxation aspects of your business.
|
| |
ACCOUNTANCY
|
Let
us look after the financial and tax affairs
of your business completely. We offer
a full range of accountancy services for
all businesses:
The complete accountancy service includes
the following activities:
• Monthly reports and declarations preparation
and submission to National revenue agency,
and National Social Security Institute.
• Completion of monthly VAT returns.
• Completion of corporation tax return
including filing with National Revenue
Agency and National Statistics Institute
• Yearend statutory accounts preparation
and Commercial register submittion
Dormant
Accounts Service
All companies, along with their tax return,
are legally required to file their accounts
to Bulgarian Commercial Register by the
end of June on the subsequent year. This
includes dormant and non-trading companies,
too. Failed to file accounts on time,
you will have to pay late filing penalty
of more than 1000 Euro for even one day
delay. If you already know that your company
will be dormant and it will not or has
not been traded since its incorporation
or last accounting period you can submit
your company to our non-trading clients
database. It is our obligation from that
moment on to remind you of your obligations
on time. We provide complete service for
inactive companies including all necessary
operations for completion of your annual
tax return and accounts. For details about
non-trading companies services see the
Dormant
Accounts
page.
|
| |
PAYROLL
& EMPLOYMENTS
|
| We
offer payroll and Pay As You Earn (PAYE)
processing services to all kind of businesses.
We will process your payroll including payslips
for your employees, complete the relevant
forms for payroll purposes and submit to
NRA and National Social Security Institute.
If you employ staff you will have statutory
filing deadlines to meet for filing forms
and making payments to National Revenue
Agency (NRA). Unfortunately, if you ignore
these obligations, penalties and interest
will soon be added to your costs automatically.
We are trained to advise our clients in
all aspects of payroll preparation and compliance
if you would like to outsource this time
consuming process. If you are thinking of
employing people or your company has employees,
please don't hesitate to contact
us. |
| |
TAXATION
|
Sole
Proprietors (self employed)
If you are in business as a sole trader,
you will pay tax on your business profits
for the accounting year ending not later
than 30 April on the subsequent year.
You must file your self assessment return
to NRA before or on 30 April. Any tax
overpaid for the accounting year will
be refunded by NRA. The flat tax rate
for sole traders is 15%
Limited
Company (Ltd, Llc)
The company is obliged to pay tax on its
profits and submit their corporation tax
return three months after the accounting
year end to NRA confirming the final amount
of tax liability not later than 31 March
on the subsequent year. There is a flat
tax rate for companies of 10%. There is
additional 5% tax on dividends if the
shareholders deduct the company profit.
VAT
compliance services
VAT rate in Bulgaria is 20%. Businesses
in the Bulgaria are obliged to register
for VAT if their sales or turnover exceeded
the VAT registration threshold which is
currently set at 25 565 Euro (50 000 bgn).
The registration is to be filed with National
Revenue Agency within 14 days after the
month of sales exceeding the registration
threshold. There are other options and
many conditions under Bulgarian and EU
regulations which require VAT registration
too. Once registered, your business must
file monthly VAT returns to the tax office
within 14 days after the end of each month.
Feel free to discuss your VAT requirements
with us and we will be able to offer you
the best VAT solutions for your business
Interest penalty will be levied on unpaid
tax.
For
additional inofrmation about taxation
in Bulgaria see the article
"Taxation
of the foreign individuals in Bulgaria"
.
Nominal
Ltd provides taxation solutions for all
businesses and individuals. Contact
us for additional
information please. |
| |
|
|
|
| Contact us. |
|
| Feedback. |
| Skype chat. |
| Skype call. |
|
