A bill entitled “Bill 602-1-59” has been submitted to the Bulgarian parliament. The Ministry of Finance has published a draft bill on 16th September 2016 regarding the automatic exchange of country-by-country reports (CbCR). As per the draft bill published by the Ministry of Finance, multinational enterprise groups (MNE groups) headquartered outside Bulgaria must file CbC reports in Bulgaria if their consolidated group revenue exceeds EUR 750 million (i.e. in line with the threshold under Directive 2016/881). A reduced reporting threshold of BGN 100 million (approximately EUR 51 million) is proposed for MNE groups, whose ultimate parent company is a Bulgarian tax resident.
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