Bulgaria published the Law on Amendments and Supplements to the Accountancy Act in the Official Gazette on 19 December 2023, which provides for the introduction of public Country-by-Country (CbC) reporting as required by Directive (EU) 2021/2101 (previous coverage). The law is largely in line with the Directive, but with a public reporting threshold of annual consolidated revenue of BGN 1.5 billion in each of the last two consecutive financial years, as opposed to the standard EUR 750 million. Where the ultimate parent or individual enterprise is established in a third (non-EU) country, the reporting threshold is converted into the national...