Bulgaria introduces mandatory transfer pricing documentation
On 31 July 2019 the Bulgarian Parliament adopted on second hearing the draft law that amends and supplements the Tax and Social Security Procedure Code. It transposes the European Union Directive that implements the Mutual Agreement Procedure as a mechanism for dispute resolution with regard to the international double taxation. The draft law also introduces mandatory transfer pricing documentation in Bulgaria
What will be the consequences? What are the obligations of the companies, the deadlines and sanctions in case of non-compliance with the law? Please refer to the new issue of Deloitte’s Tax Newsletter for more information.