A natural person shall be an individual that requires to exercise an independent commercial activity and that is self-employed, sole trader and/or with employed unpaid family members and other persons.
The natural person shall be registered as such in the National Business Centre.
If a natural person has an annual business turnover from 2 to 5 million ALL he shall be subject to VAT and shall be obliged to declare and pay VAT; the health care and social security contributions; Income Tax from Employment and Withholding Tax (if he falls under such tax liability), and shall also be obliged to declare the Personal Income Tax; The Simplified Income Tax for this category is 0%.
If you are registered or want to be registered as a Natural Person with an annual business turnover ranging between 2 to 5 million ALL, please refer to the following brochure and video for more information on your tax rights and liabilities.