- Draft Legislation: The Bulgarian government has proposed legislation to mandate the submission of Standard Audit File for Tax (SAF-T) reports, expected to take effect in early 2025.
- SAF-T Definition: SAF-T is an electronic format designed for businesses to submit detailed accounting information to tax authorities in a standardized and machine-readable manner.
- Implementation Timeline: SAF-T reporting will be phased in, starting in 2026 for large enterprises, expanding to medium and small enterprises by 2028, and ultimately requiring all VAT-registered enterprises to comply by 2030.
Source PwC
