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Art. 108.
- (1)
- Each person with taxable turnover of BGN 75 000 or more for a period of not more than the last 12 successive months prior to the current month shall apply for registration under this Law within 14 days after the expiration of the tax period, in the course of which this turnover was achieved.
- (2)
- Taxable turnover, within the meaning of this Law, shall comprise the sum total of the tax bases of the taxable supplies effected by the person, excluding zero-rated supplies. Each person shall calculate his taxable turnover after the end of each calendar month.
- (3)
- The obligation to register shall occur, regardless of the length of the period over which the taxable turnover is achieved, but not longer than the period under par. 1.
- (4)
- The calculation of the taxable turnover shall be based on the tax scheme of the supplies as of the date of the chargeable event.
- (5)
- The down-payments for taxable supplies, excluding zero-rated supplies, shall be included in the calculation of the taxable turnover.
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