The new income tax treaty between Bulgaria and Romania entered into force on 29 March 2016. The treaty, signed 24 April 2015, replaces the 1994 tax treaty between the two countries. Taxes Covered The treaty covers Bulgarian personal income tax and corporate income tax, and covers Romanian tax on income and tax on profit. Residence If a company is considered resident in both Contracting States, the competent authorities will determine its residence for the purpose of the treaty through mutual agreement. If no agreement is reached, the company will not be considered resident in either State for the purpose of...