On 18 October 2018, the Bulgarian National Assembly (parliament) reportedly approved in the first reading draft legislation submitted by the Ministry of Finance including interest deduction restrictions in line with the EU Anti-Tax Avoidance Directive (ATAD). As compared to the original draft, the draft approved in the first reading includes an increase in the proposed safe harbor from BGN 500,000 to EUR 3 million for the new 30% of EBITDA restriction. Further, the parliament has not approved…