- Bulgaria will implement the Standard Audit File for Tax (SAFT) starting in 2026.
- SAFT is a standard for exchanging tax information between businesses and Bulgarian tax authorities.
- Implementation will be phased, starting with large businesses in January 2026.
- Large businesses are defined as those with a turnover over BGN 300 million or a tax liability over BGN 3.5 million.
- By January 2030, all businesses must comply with SAFT reporting.
- Monthly SAFT submissions will include data on the General Ledger, Sales and Purchase invoices, and Payments.
- An annual report on fixed assets will also be required.
Source: pincvision.com
Click on the logo to visit the website
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Bulgaria"
- 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
- German Hospitality Sector Faces Revenue Decline, Urges Return to Reduced VAT Rate
