- Bulgaria is preparing to implement the Standard Audit File for Tax (SAF-T) to standardize tax reporting and exchange.
- The Bulgarian National Revenue Agency has made the first version of the SAF-T Bulgaria XSD schema available on their website.
- The European Commission’s support has influenced Bulgaria’s decision to adopt SAF-T, incorporating best practices from existing implementations in the EU.
- The goal is to streamline tax audits and reduce compliance burdens for taxpayers, initially with voluntary participation and phased implementation based on taxpayer size.
- The phased roll-out of SAF-T is planned to begin in 2025, with mandatory implementation for large taxpayers first and gradually extending to smaller taxpayers over a five-year period.
Source RTCsuite
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