Bulgarian guidelines provide certainty for taxpayers
March 24, 2010
Bulgaria’s National Revenue Agency (NRA) has published guidelines on transfer pricing documentation, finally clearing up what is expected of taxpayers.
The rules establish the government’s expectations for what they will require in terms of documentation when carrying out transfer pricing audits. This has been a subject of uncertainty for taxpayers as there was no guidance on what was required, despite the burden of proof lying with them under the 1993 tax legislation which introduced the arm’s length principle.
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