Bulgaria: Tax liability, shareholders of legal entities - KPMG Global
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Bulgaria: Tax liability of representatives, shareholders of legal entities

Bulgaria: Tax liability, shareholders of legal entities

There are new rules in Bulgaria regarding the liability of third parties—including shareholders, managing directors, members of governing bodies, procurators, commercial representatives, and commercial agents—for tax and social security obligations of legal entities.


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The measures (published in the official gazette on 4 August 2017) broadened application of the rules for determining who could be liable for unpaid taxes and other obligations, so that liability could apply to shareholders and others in specific instances. Previously, the law provided for liability only for management bodies and authorized representatives of companies (such as procurators, commercial representatives, or commercial agents). The newly adopted amendments expand the measures to provide that liability for public obligations can also be incurred by shareholders.

There are also amendments regarding:

  • The exchange and disclosure of tax and social-insurance information, financial information, and information about existence or absence of public obligations
  • Confidentiality of information and personal data protection
  • Non-performance of obligations to submit reports between states
  • New rules regarding collection of public receivables and international cooperation


Read an August 2017 report [PDF 142 KB] prepared by the KPMG member firm in Bulgaria

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