Mandatory rules for disclosing information to the tax authorities in relation to reportable cross-border tax arrangements are effective 1 July 2020.
The new mandatory disclosure rules are included in amendments to the tax law and were published in the official gazette no. 102 (31 December 2019).
The new measures transpose DAC 6 (Council Directive 2018/822) in Bulgaria’s national legislation. The law provides for disclosure of information on certain cross-border tax arrangements to the tax authorities and for the subsequent exchange of this information between the tax administrations of EU Member States.
The new reporting obligations are effective 1 July 2020.
Additionally, cross-border tax arrangements, whose first step was implemented in the period from 25 June 2018 to 30 June 2020 must be reported by 31 August 2020.
Read a February 2020 report [PDF 64 KB] prepared by the KPMG member firm in Bulgaria
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