On 1 August 2016 the Austrian Transfer Pricing Documentation Act was officially published in Federal Law Gazette (Bundesgesetzblatt) I No. 77/2016. Therewith it became official that the three-tiered standardized approach to transfer pricing documentation, as proposed by the OECD, including Master File, Local File and Country-by-Country Reporting, is obligatory in Austria.
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. Continue reading Bulgarian Transfer Pricing Manual Released