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...
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COVID-19
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...
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Transfer pricing documentation requirements in regard with controlled transactions
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...
Amendments of the Tax and Social Security Procedure Code (TSSP) related to the automatic exchange of country by country reports
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...
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