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CbC Reporting in Bulgaria: Are you ready?

CbC Reporting in Bulgaria: Are you ready?

The introduction of Country-by-Country (CbC) reporting is set out in a draft law and will apply for multinational groups from 2016 onwards.


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This mechanism is an important instrument in the fight of the European Union and the Organisation for Economic Cooperation and Development against tax fraud, tax avoidance and aggressive tax planning.

The National Revenue Agency will automatically exchange the CbC reports submitted by entities with the other EU Member States and with other jurisdictions with which Bulgaria has signed a special international agreement.

In this regard, KPMG has prepared a special analysis which will help you to get ready and find out more about:

  • Which companies would be affected
  • What information should be reported
  • What are the deadlines for submission of CbC reports. 

To see the answers to the questions, read KPMG‘s analysis in Bulgarian (PDF 800KB) and in English (PDF 803KB) of CbC reporting.

The KPMG team in Bulgaria can offer assistance at every stage of preparation for CbC reporting and we would be
happy to discuss the questions you are interested in.

© 2020 KPMG Bulgaria EOOD, a Bulgarian limited liability company and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

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