On 5 June 2019, the Bulgarian parliament reportedly voted to approve amendments in the first reading of the draft tax legislation for the introduction of new transfer pricing documentation requirements, including Local and Master file requirements ({News-2018-11-15/P/2-previous coverage}). One of the main amendments is in relation to the requirements to prepare documentation in respect of loan transactions. This includes that documentation must be prepared if the total amount of loans received or granted exceeds BGN 1 million or the total amount of accrued interest and other related receipts and expenses exceeds BGN 50,000. This is a reduction in the thresholds...