Confindustria Bulgaria, insieme alla British Bulgarian Business Association, la Camera di Commercio e dell’Industria francese e in collaborazione con l’azienda Associata Deloitte Bulgaria, invita a partecipare al seminario “New Tax Regulations and their impact on Business What do we have to know?”. L’evento si terrГ martedГ¬ 26 settembre dalle ore 16:00 alle ore 18:00 presso l’International Center di UniCredit Bulbank (ul. Aksakov 8) e sarГ in lingua inglese.
Nel corso dell’evento si presterГ attenzione ai cambiamenti imminenti derivanti dalla legislazione dell’UE, che dovrebbero essere adottati in tutti gli Stati membri dell’Unione. I temi principali di discussione saranno: l’introduzione dell’iniziativa Pillar II in Bulgaria (istituzione di un livello minimo globale di tassazione al 15% per i grandi gruppi di imprese multinazionali e per i grandi gruppi nazionali), la Shell Companies Directive (ATAD3) e l’introduzione del SAF-T e dell’IVA nell’era digitale.
I relatori del seminario saranno Georgi Simeonov, Partner responsabile Deloitte Tax e Alexander Cherinko, Partner Deloitte Tax.
L’eventoВ ГЁ gratuito previa registrazione.
Ringraziamo leВ aziende associate che hanno supportato l’evento!
Per partecipare vi invitiamo a registrarvi al link REGISTRAZIONE
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Introduction of Pillar II initiative in Bulgaria (in line with EU Directive 2022/2523)
In a continued effort to put an end to tax practices of multinational enterprises that allow them to shift profits to jurisdictions where they are subject to no or very low taxation, the OECD has developed a set of international tax rules to put a floor on competition over corporate income tax rates through the establishment of a global minimum level of taxation (15% for large multinational enterprise groups and large-scale domestic groups). The initiative will soon be introduced in the Bulgarian legislation and is expected to become effective as of 1 January 2024. Apart from the potential additional tax burden, new tax compliance obligations will arise for the affected entities. What are they and how will affect the business?
Shell Companies Directive (ATAD3)
In December 2021 the European Commission published a proposal for an Unshell Directive (or “ATAD 3”) intended to prevent the misuse of shell entities for tax purposes. It would target passive undertakings that are tax resident in an EU member state and that do not conduct economic activity because they presumably do not have minimum substance. If the substance test is not met, the undertaking would be presumed to be a “shell” and besides reporting obligations, there will be also other implications.
SAF-T introduction and VAT in the Digital Age
Aiming at automation of the VAT reporting in order to have a better overview on VAT revenues the Bulgarian government with the support of the EU Commission are planning to introduce new reporting obligations that businesses will need to adapt to in the next years.
One aspect of these developments is the potential introduction in Bulgaria of the requirement for businesses to prepare and submit a Standard Audit File for Tax (SAF-T).
Furthermore, the European Commission introduced the VAT in the Digital Age package which will provide for the mandatory implementation of e-invoicing within the EU as well as new digital reporting requirements which should be adopted by EU Member States in the next years.
Speakers:
Georgi Simeonov,В Partner in Charge, Deloitte Tax
Alexander Cherinko,В Partner, Deloitte Tax
For registration:В To register for the event, please clickВ HERE.