Optional Registration

Art. 110.

(1)

 ⁸⁹ Each person who does not comply with the conditions for mandatory registration under the foregoing Art. and has a total taxable turnover exceeding BGN 50 000 over a period of not more than the last 12 successive months prior to the current month, shall be entitled to registration under this Law.

(2)

 ⁹⁰ The total taxable turnover, within the meaning of this Law, shall comprise the sum total of the tax bases of all taxable supplies, including the zero-rate taxable supplies. Each person shall calculate the total taxable turnover after the end of each calendar month.

(3)

 ⁹¹ The right to register shall occur, regardless of the length of the period over which the total taxable turnover is achieved, but not longer than the period under par. 1.

(4)

 ⁹² The calculation of the total taxable turnover shall be based on the tax treatment of the supplies as of the date of the chargeable event.

(5)

 ⁹³ The down-payments received under taxable supplies, except for those with zero-rate, shall be included in the calculation of the total taxable turnover. The down-payments received for future export shall not be included for the purposes of calculating the total taxable turnover, pending its actual performance and the receipt of the documents certifying it.

(6)

 ⁹⁴