New legislative acts and proposals regarding Carbon Border Adjustment Mechanism (CBAM)

With the current newsletter we present you with latest developments regarding the Carbon Border Adjustment Mechanism (CBAM).

M&A in Bulgaria: Typical tax red flags by sector

Why local tax risks could be the hidden dealbreaker

Temporary deferral period for the foreign direct investment screening ends

The National Screening Mechanism for Foreign Direct Investments (FDI), provided for by Regulation (EU) 2019/452, was introduced at the beginning of 2024 “under a suspensive condition” with the Investment Promotion Act.

What is yet to learn about the sustainability report?

Voluntary or mandatory, the sustainability report is on the business agenda and many companies are currently “grappling” with it. The rules by which it must be prepared are clear and specific, but like any innovation, it has its specifics. In fact, the main difference comes not from what is clear but rather what companies do not know and yet is central to easy and successful report creation.

Expected EU developments on withholding tax relief procedures

Bulgaria: International tax developments quarterly digest October – December 2023

Bulgaria enacted the Directive on 15% global minimum tax On 22 December 2023, the relevant amendments to the Corporate Income Tax Act (“CITA”) transposing EU Minimum Tax Directive (“the Directive”) were enacted and promulgated in the State Gazette.