BulgariaThe Bulgarian and international tax treaties In order to avoid double taxation, with significant distorting effects on cross-border trade and investment, countries have developed a vast network of bilateral tax treaties. However, in the absence of internationally agreed standards and an easily accessible set of provisions, it would be extremely difficult to negotiate these bilateral agreements between countries and their application may give rise to divergent interpretations. This case study focuses on the coordination of internationally agreed standards for eliminating double taxation and preventing tax evasion. These standards are reflected in the network of more than 3,500 bilateral tax treaties, which are interpreted and applied on the basis of these standards, which must be constantly refined and adapted to new situations. 4. In the event of a tax dispute, agreements can provide a two-way consultation mechanism and resolve the issues in dispute. There are two types of double taxation: double taxation and double economic taxation. In the first case, where the source rule overlaps, the tax is collected by two or more countries, in accordance with their national legislation, for the same transaction, the income is born or applies in their respective jurisdictions. In the latter case, when the same transaction, the element of income or capital is taxed in two or more states, but in the hands of another person, there is double taxation.  Double taxation is the collection of taxes by two or more jurisdictions on the same income (for income tax), on wealth (for capital taxes) or on financial transactions (tva). On 7 June 2017, Georgia signed a “multilateral agreement under the OECD Ministry on the implementation of tax treaty measures to prevent base erosion and profit transfer” (LIV).
The main objective of the multilateral convention is the implementation of measures related to the BEPS Treaty, in particular minimum standards in contracts relating to the prevention of double taxation under BEPS 6 and 14. The multilateral instrument will cover or amend 34 of Georgia`s 56 agreements to avoid double taxation. The multilateral instrument was ratified by the Georgian parliament on 27 December 2018 and the ratification instrument was tabled at the OECD secretariat. See the attached text of the agreement: With regard to corporate taxation, the Commission is currently considering options for solving the problems outlined in the 2001 Commission study on corporate taxation.