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Bulgaria plans to implement SAF-T starting in 2026, with a phased rollout beginning with large businesses and extending to all taxpayers by 2030. The initiative aims to boost tax transparency and reduce fraud through standardized digital reporting.
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Large businesses must begin electronic invoicing in January 2026, with medium and smaller enterprises joining in successive years. By January 2030, e-invoicing will be mandatory for all, including small-scale businesses, based on turnover and tax thresholds.
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Monthly SAF-T reports must include the general ledger, accounts payable and receivable, and purchase and sales invoices. These reports must be submitted by the 14th of the month following the relevant accounting period to maintain compliance.
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Annual SAF-T submissions include fixed asset information such as machinery, buildings, and long-term equipment. Companies must file these reports by June 30 of the year following the relevant fiscal period, ensuring proper documentation of capital assets.
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Inventory reports are not submitted regularly but must be provided upon request by the tax authority. These reports offer detailed insights into stock levels and are essential for audits or specific regulatory reviews initiated by the revenue agency.
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A six-month grace period will apply to initial SAF-T submissions, allowing companies time to adapt systems and procedures. During this phase, no penalties will be imposed if future deadlines are met, encouraging smooth compliance with the new rules.
Source: edicomgroup.com
