Deloitte Bulgaria's tax practice began 27 years ago and introduced its transfer pricing service line in June 2017, as the tax authority increased its focus in this area. The transfer pricing department offers services such as assisting with producing transfer pricing documentation, policies, advisory, and assistance during tax and transfer pricing audits and checks. The team consists of 10 professionals and senior manager Alexander Stefanov is a key individual.
Case studies show tax partner Georgi Simeonov is leading the team assisting a large steel producer, part of a group company, with preparing the objection argument for the tax audit report between FY 2013-2016 which is valued above $18 million of TP adjustment.
The firm has experience advising multinational companies on complex transfer pricing matters whether contentious or non-contentious. The team assists companies with aligning their transfer pricing procedures to comply with the legislation and limit tax risk. Vira Torova, Partner, leads the tax practice.
In November 2020, the firm advised La Reine Jeanne on the rules for determination of interest payable under loan agreement in accordance with the arm’s length principle, and the Bulgarian tax implications regarding interest income paid by a local firm to a foreign lessor firm.
The boutique law firm offers full TP services to various large and medium international clients. TP services range from TP documentation, planning and strategy, financial transactions, dispute resolution, country-by-country reporting, and benchmarking analysis with access to several databases. TP expert Nikol Nikolova is a key figure at the TP practice.
The full-service Bulgarian law firm provides transfer pricing advice for both compliance and controversial matters. The tax team has experience assisting clients active in real estate and construction work, energy and renewable energy, chemicals, manufacturing, finance and more. Key clients include Zenith Crop Sciences Europe, Palladium, Galibradi Investment Fund. Name partner Vladimir Kinkin leads the transfer pricing practice supported by associate Dilyana Tsoleva.
In 2020, the Bulgarian law firm signed a strategic partnership contract with The TPA Group where the local firm will handle the group network’s disputes work in Bulgaria. Savov & Partners advises on all types of business, legal and tax services for its domestic and international clients. Some of the firm’s new acquired clients are the likes of Danone, Terra Nova, Froneri, Comet Electronics and more. Name partner Valentin Savov leads the transfer pricing practice with the support of Daniel NIkolov. The two have advised on more than 10 transfer pricing studies.