- Introduction of SAF-T in Bulgaria: Starting January 2026, Bulgaria will implement SAF-T (Standard Audit File for Tax) reporting, enhancing its tax compliance framework by aligning with international standards and facilitating streamlined information exchange between businesses and tax authorities.
- Phased Rollout Plan: The SAF-T implementation will occur in phases, affecting various business sizes over several years, with large businesses starting in January 2026 and micro businesses by January 2030, allowing adequate preparation and system adaptation.
- Reporting Obligations and Compliance: Bulgarian businesses must submit detailed monthly and annual reports under the SAF-T framework, with grace periods for initial compliance, while non-compliance can result in significant penalties, emphasizing the need for timely and accurate reporting to avoid fines.
Source RTCsuite
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Bulgaria officially adopts SAF-T requirements starting in 2026
- Adoption of SAF-T Requirement: The Bulgarian National Assembly adopted the 2025 State Budget on March 21, 2025, formally introducing the requirement for businesses to submit Standard Audit File for Tax (SAF-T) reports.
- Implementation Timeline: The SAF-T submission obligation will take effect for certain large enterprises starting January 1, 2026, with plans for the requirement to expand to all taxpayers by 2030, subject to a few exceptions.
- Preparation for Compliance: Affected businesses are urged to begin preparing to report their economic activity data and accounting records to meet the new regulatory requirements effectively.
Source Pagero
