Bulgaria: Multilateral Competent Authority Agreement signs for exchange of CbC reports

19 December, 2017

Bulgaria has signed the Multilateral Competent Authority Agreement (MCAA) on November 17, 2017 for the exchange of country by country (CbC) reports under action 15 of the OECD’s BEPS

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IMF: Report comments on the economic and fiscal situation in Bulgaria

16 December, 2017

On 14 December the International Monetary Fund (IMF) published on its website a report on the economic and fiscal situation in Bulgaria following consultations under Article IV of the IMF’s articles of agreement. The report notes that a strong

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Bulgaria: Government approves a draft DTA with Saudi Arabia

22 November, 2017

An announcement was made on November 22, 2017, that the Government approved a draft income tax agreement on between the Republic of Bulgaria and the Kingdom of Saudi Arabia for the avoidance of double taxation and the prevention of fiscal evasion.

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Bulgaria: NRA approves CbC reporting format and process

02 November, 2017

The Executive Director of the National Revenue Agency (NRA) approved the country by country reporting format and procedures on October 31, 2017, by Order No. ЗЦУ-1410. According to NRA, the ultimate parent entity, who is a resident for tax

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Morocco: Social Security Agreement with Bulgaria approved

30 August, 2017

The Council of Ministers in Morocco, on August 24, 2017, approved the pending Social Security Agreement with Bulgaria. This treaty was signed by Bulgaria's Labor and Social Policy Minister, Zornitsa Roussinova and the Morocco's Employment and

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Bulgaria: CbC reporting legislation adopted through significant changes to TSSPC

20 August, 2017

A Law on Amendment and Supplementation of the Tax and Social Security Procedure Code (TSSPC) was published in issue 63/04.08.2017 of the State Gazette. The country-by-country reporting (“CbCR”) legislation introduced by the Directive is

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Bulgaria signs new multilateral convention to prevent tax avoidance

12 June, 2017

Bulgaria has signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI"). More than 68 countries, including Bulgaria, signed the Convention on 7 June

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Bulgaria: Government approves signing of MLI to implement tax treaty related BEPS measures

20 May, 2017

The Government on 17 May 2017, approved the signing by Bulgaria of the Multilateral Instrument (MLI) to implement into bilateral tax treaties the tax treaty-related measures arising from the OECD / G20 BEPS Project to tackle base erosion and

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Bulgaria, Pakistan sign avoidance of Double Taxation Agreement

28 April, 2017

On 26th of April 2017, Pakistan and Bulgaria signed an Agreement on Avoidance of Double Taxation (DTA) and prevention of fiscal evasion with regard to taxes on Income after the conclusion of second round of negotiations in Islamabad. It will also

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Bulgaria: Proposed bill about CbC reporting requirements published

31 March, 2017

The Finance Ministry has published a revised draft bill on 21st March 2017 that amends the Tax and Social Security Procedure Code (TSSPC) with regard to the new country-by-country (CbC) reporting requirements. It is proposed that the amendments will

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Bulgaria: Amendments to regulations on Excise Duties and Tax Warehouses Act gazetted

14 February, 2017

The amendments in the regulations for the application of the Excise Duties and Tax Warehouses Act have been published on 7th February 2017 in the State Gazette. The major amendments have been effective from the same day of its publication and the

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Social security agreement between Bulgaria and Tunisia approves

22 January, 2017

The Social Security Agreement of 2015 between Bulgaria and Tunisia has been approved on 17th January 2017 by the Tunisian National

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Bulgaria: VAT registration changes for non-legal entities

15 January, 2017

Following the adoption of various VAT amendments, the Revenue Agency has published a notification on 11th January 2017 regarding the obligation for non-legal entities to register for VAT if at least one partner is registered under Bulgarian law.

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Bulgaria: Updated list of tax havens published

28 December, 2016

The Finance Ministry has published an Order No. ZMF-1303 on 21st December 2016 regarding an updated tax haven list. This list applies from 29th December 2016 contains the following countries: Antigua and Barbuda, the Bahamas, Brunei, Christmas

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Bulgaria: Amendments to Excise Duties and Tax Warehouses Act gazetted

16 December, 2016

The amendments to the Excise Duties and Tax Warehouses Act (EDTWA) have been gazetted on 6th December 2016. An overview of the amendments is given below: Administrative simplifications of various procedures Starting from 1st January 2017, a

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Bulgaria: Amendments to Personal Income Tax Act has been gazetted

08 December, 2016

The amendments to the Personal Income Tax Act has been published in the Official Gazette on 6th December 2016 and it will apply from 1st January

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Bulgaria: Amendments to VAT has been gazetted

08 December, 2016

The amendments to the Value Added Tax (VAT) Act has been published in the State Gazette on 6th December 2016. This amendments will be applicable from 1st January 2017. The most important amendments are summarized below: New rules for input VAT

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Bulgaria: Amendments to Corporate Income Tax Act has been published

08 December, 2016

The amendments to the Corporate Income Tax (CIT) Act has been published in the State Gazette on 6th December 2016. The parliament voted on the adoption of amendments to the corporate income tax reporting rules on 23rd November 2016. The most

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