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Bulgaria's Proposed Interest Deduction Restriction Adjusted

|Proposed Changes|Bulgaria
Bulgaria

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,…

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