Conditions for transfer pricing for related parties

Conditions for transfer pricing for related parties

 

Question:
Hello!

I have a question regarding the Law on Amendments and Supplements to the TSSPC (SG No. 64 / 13.08.2019).

My husband is a manager and owner of EOOD.

My wife and I provide civil contract services. I only pay for health insurance, as I am a pensioner and 10% DOD. I deduct 25% of legally recognized expenses.

For my income during the accounting year I submit to the next year the GTD under art. 50.

Do we relate to change as related parties?

Thanks!

 

Answer:

Hello,

The changes in TSSPC published in SG. no. 64 / 13.08.2019 do not concern your case, as it is art. 71b, para. 2, item 4 it is written that the persons who carry out controlled transactions only in the country are exempted from preparation of documentation for transfer pricing. Moreover, in item 3 it is noted that the persons who as of 31.12. of the previous year do not exceed the following indicators:

a) book value of the assets - BGN 38,000,000, and

b) net sales revenues - BGN 76,000,000, or

c) average number of staff for the reporting period - 250 people,

which we assume your husband's company has not reached.

We hope we have been helpful.

Greetings!