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Bulgaria Publishes Law to Implement ATAD Reverse Hybrid Mismatch Rules

|Approved Changes|Bulgaria
Bulgaria

Bulgaria has published the Law Amending and Supplementing the Corporate Income Tax Act, which provides for the implementation of the reverse hybrid mismatch rules of the EU Anti-Tax Avoidance Directive as amended (ATAD2). This includes that where one or more foreign entities are affiliated undertakings and collectively hold directly or indirectly 50% or more of the voting rights, the share cap…

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