The Supreme Court of Cassation of Bulgaria has issued interpretative ruling No. 4 of 2016 regarding criminal misreporting and evasion of tax liabilities on 12th March 2016. It has been determined by the Court that in cases of misreporting and non-payment of tax liabilities, not only legal representatives of companies (executive managers, board members, etc.), but also any other individuals actually exercising functions for the company (including proxies, accountants, etc.) resulting in misreporting and tax evasion could potentially be subject to criminal proceedings and in the case of tax evasion, the state is entitled to seek liability in tort against the individual perpetrators in cases where the tax evasion and misreporting was conducted at corporate level.
Transfer Pricing Brief: March 2016
PGA Highlights: March 2016
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