- Introduction of SAF-T: The National Revenue Agency (NRA) has launched public consultations on a draft order to establish the structure, form, content, and submission method for the Standard Audit File for Tax Purposes (SAF-T), which will become mandatory for businesses over the next five years as part of a phased implementation.
- Purpose and Requirements: SAF-T, developed by the OECD, requires obligated persons to submit standardized accounting data on a monthly, annual, or requested basis. The draft order outlines the obligations under the revised Tax and Social Security Procedure Code (TSSPC), effective March 31, 2025, detailing who must comply and the submission process.
- Public Participation: The NRA aims to ensure transparency and public involvement in the process of finalizing the SAF-T order. Feedback on the draft and associated nomenclatures is being accepted until June 9, 2025, via email, to facilitate informed public input and consensus.
Source nra.bg
See also
Other sources
Bulgaria Opens SAF-T Consultation Ahead of 2026 Tax Reform
- Public Consultation for SAF-T Implementation: Bulgaria’s National Revenue Agency (NRA) has initiated a public consultation on the Standard Audit File for Tax (SAF-T), which is part of a broader strategy to enhance tax digitalization, improve transparency, and reduce VAT fraud, with a phased rollout starting in 2026.
- Phased Rollout Timeline: The SAF-T implementation will occur in multiple phases, beginning with large businesses in January 2026 and culminating with small-scale businesses by January 2030. Each phase targets specific turnover thresholds and tax contributions, mandating progressively more comprehensive electronic invoicing and reporting obligations.
- Compliance Requirements and Transition Period: Businesses will need to submit monthly and annual reports detailing financial entries, accounts payable and receivable, and fixed assets, among other data. A six-month grace period post-implementation will allow companies to test the reporting process without penalties, emphasizing the need for upgrades to accounting systems for efficient SAF-T compliance.
Source Melasoft
The National Revenue Agency (НАП) has published a draft order for public discussion regarding the Standard Audit File for Tax (SAF-T). This draft specifies that the SAF-T will become mandatory for businesses over the next five years. The relevant documents are available on the official НАП website, and interested parties can submit their opinions via email until June 9, 2025, as НАП aims to ensure public awareness and participation in this process.
Sources
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.
