The National Revenue Agency in Bulgaria is implementing a project to implement the international standard for collecting accounting data from large and medium-sized taxpayers in a unified format based on the Standard Audit File for Tax Purposes (SAF-T) developed by the Organization for Economic Cooperation and Development /OECD/.
Implementation of the SAF-T accounting reporting system in Bulgaria
Public
Bulgaria
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
1131
Content accuracy validation date:
21.07.2022
Content accuracy validation time:
07:55h
SAF-T is a computer file that allows easy retrieval of a predefined set of accounting records in a generally readable format. This file makes it easy for taxpayers to provide their electronic records to tax auditors to support their tax returns, and for auditors to review accounting records. In practice, the business has a reporting tool that meets the requirements of various governmental or non-governmental organizations, for example, statistical agencies, auditors, banks, and industrial organizations.
For this purpose, the NRA should build its administrative capacity in terms of knowledge, skills and specific technical expertise, including through the exchange of good practices with countries that have already successfully implemented this international revenue accounting standard. We will see how that will be regulated and when it will start.
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