Bulgaria to Implement SAF-T Reporting in 2026: Impact on Large Enterprises and Timeline

Implementation Timeline: Bulgaria will implement SAF-T (Standard Audit File for Tax) reporting starting January 1, 2026, with a phased approach based on company size and financial thresholds.
SAF-T Overview: SAF-T is a standardized electronic format for accounting data designed by the OECD, enabling tax authorities to efficiently receive, audit, and analyze financial information.
Reporting Requirements: Large enterprises must file SAF-T reports from 2026 if they meet specific criteria, including having total assets over BGN 38 million, net sales revenue over BGN 76 million, and an average of over 250 employees. Additional criteria for the first wave include net sales revenue exceeding BGN 300 million or net payments to the NRA (after refunds) exceeding BGN 3.5 million.
Roll-Out Plan: The NRA has outlined a detailed plan for SAF-T implementation through 2030, gradually including medium and small enterprises based on new thresholds.
Next Steps for Businesses: Companies in Bulgaria should review their 2023 financials to see if they fall under SAF-T obligations, prepare accounting systems to generate SAF-T files in XML format, and stay updated with NRA communications regarding technical specifications.

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