- The National Revenue Agency (NAA) in Bulgaria is implementing the SAF-T (Standard Audit File-Tax) standard developed by the OECD for large and medium-sized taxpayers.
- SAF-T is a computer file that allows taxpayers to provide electronic accounting records to tax auditors in a readable format, enhancing communication and facilitating audits.
- The NAA will gather international best practices, analyze the environment, and develop a strategy and roadmap for SAF-T implementation over a 24-month project.
- The goal is to improve administrative capacity, efficiency, and reduce burdens for businesses and the government, while promoting voluntary compliance and trust.
- The European Commission is considering a standardized system for Bulgarian VAT taxpayers using SAF-T, which could streamline tax audits and facilitate cross-border trade.
Source SNI
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