- Introduction of SAF-T in Bulgaria: Bulgaria will implement mandatory Standard Audit File for Tax (SAF-T) reporting starting January 2026, aiming to enhance tax compliance and streamline data exchange between taxpayers and authorities. This XML-based file format will require businesses to submit various financial records.
- Submission Cadence: Businesses will be required to submit SAF-T reports with different frequencies: monthly submissions for general ledger entries, purchase and sales invoices, and payment records; annual submissions for fixed assets; and on-demand submissions for inventory details.
- Implementation Timeline: The rollout of SAF-T will occur in phases: starting with large enterprises in January 2026, expanding to medium and small enterprises by January 2027, and eventually encompassing all businesses, including micro-enterprises, by January 2030. A six-month grace period will allow taxpayers to correct submissions without penalties.
Source Sovos
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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