On 27 November 2018, Bulgaria published the Law of 22 November 2018 in the Official Gazette, which includes various amendments to the Corporate Income Tax Act, including the introduction of new interest limitation and controlled foreign company (CFC) rules in accordance with the EU Anti-Tax Avoidance Directive (ATAD).
The main points of the interest limitation rules include:
- The rules limit the deduction of net interest expense and other equivalent costs and related financing costs to 30%…