The Bulgarian revenue administration has made available a “Transfer Pricing Manual” on its web-site (www.nap.bg) which affects enterprises carrying out related party transactions.
Though addressed to tax officials, the Manual represents a useful piece of guidance for taxpayers also, as it elaborates on a wide range of transfer pricing topics, such as documentation requirements and intra-group services.
The Manual provides more predictability to taxpayers at a time when the revenue authorities are becoming ever more active in the transfer pricing area.
