- Introduction of SAF-T: Bulgaria has proposed a draft law mandating the submission of the Standard Audit File for Tax (SAF-T), set to enhance tax transparency and combat fraud, with implementation starting in 2025 and a rollout beginning in 2026 for large businesses.
- Phased Rollout Timeline: The SAF-T will be implemented in phases: starting January 2026 for large businesses with high turnover, expanding to medium-sized businesses in 2027, and eventually encompassing all businesses by 2030, with specific reporting obligations outlined for monthly and annual submissions.
- Reporting Requirements and Compliance: Businesses must submit monthly reports, including general ledgers and invoices, by the 14th of the following month, and annual reports on fixed assets by June 30. A six-month grace period will be provided for initial submissions to help businesses transition without penalties, emphasizing the importance of robust accounting systems to comply with the new requirements.
Source Edicom
Latest Posts in "Bulgaria"
- Briefing document & Podcast: SAF-T Implementation in Bulgaria as of Jan 1, 2026
- ECJ C-535/24 (Svilosa) – Judgment – Acts by a creditor to recover debt without debtor’s mandate aren’t classified as ‘supply of services’
- Bulgaria to adopt Euro: What it means for your business
- Bulgaria Publishes SAF-T Technical Documentation, Sets Implementation for 2026-2030 for Enterprises
- Bulgaria to Implement SAF-T Reporting in 2026: Impact on Large Enterprises and Timeline
