On 12 November 2019, some of policy makers submitted to Parliament a proposal to amend the rules on thresholds for the Transfer Pricing (TP) documentation rules. It is proposed that the obligation to prepare such documents will not apply to persons who have not exceeded at least two of the following thresholds as at 31 December of the previous year:
• BGN 38 million – net book value of assets;
• BGN 76 million- Net sales; and
• Average number of employees during the reporting period is 250 people.
Subsequently the proposal was tabled between the first and second reading of the main tax package. After the approval by Parliament, the changes will apply from 1 January 2020.
