Corporate Tax Changes

This note outlines recent Bulgarian amendments, including: refinements to the transposition of the EU Anti-Tax Avoidance (2016/1164), as well as the amending Council Directive (2017/952) into national legislation; provisions to address the tax treatment of sale and leaseback agreements classified as operating leases under the International Accounting Standards (IAS); a reduction in the tax rate applicable to the one-off tax on benefits in kind; and amendments related to the tax treatment of food vouchers.