- The Standard Audit File for Tax (SAF-T) is an international standard for electronic exchange of data between taxpayers and tax authorities.
- Bulgaria is likely to introduce SAF-T in phases, with large taxpayers being the first affected.
- A working version of the Bulgarian SAF-T is available on the National Revenue Agency website.
- The specific timing and starting dates will be set as the drafting process unfolds.
- Mandatory filing for large enterprises is expected to begin 12 months after adoption of the SAF-T legal framework.
- Mandatory filing for all large taxpayers is expected to begin 24 months after adoption.
- Frequency of reporting will be monthly for general ledger, purchase and sales invoices, and payments; yearly for assets; and at request for movement of goods.
Source: EY
