On 17 July 2024, Bulgaria's Council of Ministers approved the pending agreement (IGA) signed with the United States on the exchange of Country-by-Country (CbC) reports. The IGA was signed on 30 May 2024 and the operative date is to be determined. The IGA provides that Pursuant to the provisions of Article 25 of the 2007 Bulgaria-U.S. tax treaty, the Competent Authority of each Party shall excha…