- Introduction of SAF-T in Bulgaria: Bulgaria is adopting the Standard Audit File for Tax (SAF-T) to enhance digital tax transformation, aligning with OECD guidelines. This initiative mandates structured data submission for improved audit efficiency, requiring businesses to adapt to new reporting formats and submission timelines.
- Technical Specifications and Reporting Requirements: SAF-T files must be submitted in XML format with specified naming conventions, and electronic submissions are required via the National Revenue Agency’s portal using a qualified electronic signature. Monthly reporting begins January 1, 2026, with annual reports starting January 1, 2027, and on-demand requests from July 1, 2026.
- Compliance and Transition Period: Companies must prepare for compliance with SAF-T requirements, including correction and resubmission rules for invalid submissions. Special considerations are outlined for specific sectors like healthcare and finance. Gradual implementation will occur over the next few years, emphasizing the importance for businesses to be ready by early 2026 to avoid penalties.
Source RTCsuite
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- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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