The procedure and form to use in filing country-by-country (CbC) reports in Bulgaria, as well as the related notification rules, were approved on 31 October 2017, with the release of an order by the tax authority.
The order (ЗЦУ-1410) sets out information to be filed in the CbC report and in a CbC notification filed by taxpayers. The CbC report and notification are to be filed electronically, and the electronic services on the tax authority's website are available no later than 1 December 2017.
The first CbC report is to report information about the taxpayer group for tax years starting in:
Thus, if the CbC report is submitted by the ultimate or surrogate parent company that is a tax resident of Bulgaria, the first CbC report for the fiscal year starting 1 January 2016 and ending 31 December 2016 must be submitted on or before 31 December 2017.
Also, the due date for submitting the related CbC notification for a reporting fiscal year starting in 2016 is 31 December 2017.
Read a November 2017 report [PDF 182 KB] prepared by the KPMG member firm in Bulgaria
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