Bulgaria's draft Budget for 2020 has been submitted in parliament following approval from the Council of Ministers on 31 October 2019. Two of the main tax-related measures of the budget include the introduction of exit tax rules in line with the EU Anti-tax Avoidance Directive (Directive 2016/1164 - ATAD1) and the hybrid mismatch rules of the Directive as amended (Directive 2017/952 - ATAD2) with effect from 1 January 2020 (previous coverage).
Other measures include:
Subject to approval, the measures will generally apply from 2020.
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