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LEGAL BULLETIN Issue V/2020 I. International acts Commission Regulation (EU) 2020/1434 of 9 October 2020 Commission Regulation (EU) 2020/1434 of 9 October 2020 amending Regulation (EC) № 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) № 1606 / was published in the Official Journal of the EU

I. Acts and regulations for their application Act on amending and supplementing the Gambling Act On 04.082020 A law amending the Law on Gambling was promulgated. The changes are significant and can be divided into several directions. The most significant change is that the Commission on Gambling will be closed and the executive director of the National Revenue Agency will take over.

I. Judgments of the European Court of Justice Judgment of the European Court of Justice of 25.06.2020 in Cases C-762/18 and C ‑ 37/19 The European Court of Justice came up with its decision of 25.06.2020 in Cases C-762/18 and C ‑ 37/19, according to which a worker who was unlawfully dismissed and later reinstated in accordance with national law, following the annulment of his dismissal by a...

I. Judgments of the European Court of Justice Judgment of the European Court of Justice of 25.06.2020 in Cases C-762/18 and C ‑ 37/19 The European Court of Justice came up with its decision of 25.06.2020 in Cases C-762/18 and C ‑ 37/19, according to which a worker who was unlawfully dismissed and later reinstated in accordance with national law, following the annulment of his dismissal by a...

LEGAL BULLETIN I. Acts and regulations on their application Bill for amending and supplementing the Foodstuffs Act A new Food Act, in force since 09.06.2020, was published in the State Gazette No. 52 of 09.06.2020. The new law introduces new requirements for business operators operating on the Bulgarian food market. Registrations of producers and distributors of food and non-alcoholic...

Following the adoption of the Measures and Actions during the State of Emergency Act, announced by a decision of the National Assembly of March 13, 2020, the following legal consequences for the duration of the state of emergency arise for the companies of the Group XXX OOD in Bulgaria. 1) For the duration of the state of emergency all monetary liabilities of third parties towards XXX OOD...

On 05.11.2018 the Ministry of Finance introduced a bill for Amendment and Supplement of the Tax and Social Insurance Procedure Code. The bill seeks to implement Action 13 of the Base Erosion and Profit Shifting actions (the so-called BEPS actions) of the OECD. The bill makes provision for obligations concerning local and foreign taxable legal persons which perform business activities in the...

The Bulgarian Parliament adopted the draft amendments to the TSSPC regarding the automatic exchange of country by country reports (CbC reports) of multinational groups of undertakings (MGU), operating within several EU member states. The amendments are effective as of 04.08.2017. From 2017 the Bulgarian National Revenue Agency (NRA) will exchange information about MGU with the other tax...

The changes implemented by the Act Amending and Supplementing the TSSPC, promulgated in the State Gazette №63/04.08.2017 aim to improve and complete the existing provisions on third party liability concerning outstanding taxes and social security contributions of taxable legal entities. The amendment of the provision of art. 19 and 20 of TSSPC is of importance for the optimization of...