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Bulgaria: Interest deduction limitation rule, taxation of CFC profits

Bulgaria: Interest deduction limitation rule

Legislative changes in Bulgaria include measures that reflect the implementation of EU rules addressing tax avoidance.

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The new tax law measures in Bulgaria:

  • Limit certain deductible borrowing costs for tax purposes
  • Affect the taxation of profits of controlled foreign companies (CFC) in Bulgaria
  • Focus on the tax treatment of leases in relation to International Financial Reporting Standard (IFRS) 16 Leases
  • Reflect changes in respect of reporting and paying requirements of tax liabilities in situations of liquidation and deregistration

 

Read a December 2018 report prepared by the KPMG member firm in Bulgaria

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