- Implementation Timeline: Romania has phased in SAF-T reporting since January 2022, with large taxpayers already compliant and small taxpayers set to comply by January 2025. In contrast, Bulgaria plans to implement SAF-T for large enterprises by January 2026, with full compliance expected by January 2030.
- Reporting Frequency and Deadlines: Romanian businesses must submit monthly or quarterly SAF-T reports aligned with VAT deadlines, while Bulgarian businesses have a combination of monthly and annual reporting requirements, including specific deadlines for different types of reports.
- Data Structure and Compliance Requirements: Romania’s SAF-T requires a detailed structure with over 390 mandatory elements submitted in a specific XML format. Bulgaria is still finalizing its data structure, with inventory reports submitted only upon request, indicating a less stringent initial requirement.
Source Taxera
Latest Posts in "Bulgaria"
- ECJ C-121/24 (Vaniz) – AG Opinion – Joint VAT liability requires existing debtor; no liability post-liquidation
- Simeon Dyankov Suggests Increasing VAT to 22% to Address Bulgaria’s Budget Deficit
- VAT Increase to 22% Aims to Address Bulgaria’s Budget Deficit, Says Simeon Dyankov
- Bulgaria Releases SAF-T Technical Documentation and Implementation Timeline for Enterprises
- General Court VAT Case T-308/25 (Direktsia „Obzhalvane i danachno-osiguritelna praktika“ – Plovdiv) – Order – Proceedings stayed pending CJEU decision in C-121/24
