Application of IAS 12 Income Taxes by leading companies in Bulgaria in the context of the international tax reform

The purpose of this article is to identify trends in the application of the new provisions of International Accounting Standard (IAS) 12 Income Taxes regarding the global reform to establish a minimum effective tax rate of 15% in Bulgaria for multinational companies with annual revenues exceeding 750 million euros. Specialized rankings were used to establish the sample. The study is based on the annual financial statements and their annexes for 2023, which provide a basis for assessing companies' readiness to adapt their practices by applying the new approaches to evaluation and disclosure. This article can serve as guidance for companies adapting to the new requirements, help raise awareness on the subject among stakeholders, and provide a foundation for identifying the challenges faced by enterprises in Bulgaria. Additionally, it offers a basis for further research on the impact of global tax reforms and contributes to the literature on international taxation and accounting standards.