Bulgaria Introduces Public CbC Reporting

Bulgaria published the Law on Amendments and Supplements to the Accountancy Act in the Official Gazette on 19 December 2023, which provides for the introduction of public Country-by-Country (CbC) reporting as required by Directive (EU) 2021/2101 (previous coverage). The law is largely in line with the Directive, but with a public reporting threshold of annual consolidated revenue of BGN 1.5 bi…
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