Bulgaria: Rules for country-by-country reporting - KPMG Global
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Bulgaria: Rules for country-by-country reporting

Bulgaria: Rules for country-by-country reporting

New rules in Bulgaria regarding country-by-country (CbC) reporting were published in the official gazette on 4 August 2017.


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The new rules will apply with respect to multinational enterprise (MNE) groups that operate in different EU Member States or other jurisdictions through subsidiaries or permanent establishments (PEs) and that have a consolidated revenue of over €750 million.The CbC report must contain data on all entities and PEs of the multinational enterprise group, including information for the country or jurisdiction where the respective entity is a tax resident, a description of its activities, and aggregated financial data.

The CbC report must be submitted to the Bulgarian tax authorities electronically within 12 months of the last day of the reporting fiscal year for the multinational enterprise group. An entity or a PE that is part of a MNE group and that is a tax resident in Bulgaria must notify the tax authorities: (1) whether it is an ultimate/surrogate parent company or constituent entity that will file the CbC report in Bulgaria on behalf of the MNE group; or (2) which entity is the reporting entity that will submit the CbC report for the group and the jurisdiction in which it is tax resident. The notification for the first reporting period (reporting fiscal year commencing in 2016) must be provided to the tax authorities no later than 31 December 2017. 


Read an August 2017 report [PDF 150 KB] prepared by the KPMG member firm in Bulgaria

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