Fiscal subject related
The specific implementation deadlines are still pending confirmation, but here are the implementation phases:
- Pilot Testing (0–6 Months): The rollout will commence with a pilot phase, where large taxpayers may voluntarily submit data using the SAF-T format to test the system and provide feedback.
- Mandatory Reporting for Large Taxpayers (6-24 Months): Following the pilot, large businesses will be required to file reports in SAF-T format. Full compliance from all large taxpayers will be expected by the end of the 24-month period.
- Inclusion of Medium-Sized Businesses (24-36 Months): Medium-sized enterprises will be incorporated into the SAF-T system, with mandatory reporting requirements taking effect by the 36-month mark.
- Expansion to Small Businesses (36-48 Months): Small businesses will be brought into the system, and compliance will be required by the end of the 48-month period.
- Micro-Enterprises (48-60 Months): The final phase will extend SAF-T reporting requirements to micro-enterprises registered for VAT. Compliance is expected 60 weeks after adoption.
Also, a grace period is foreseen in the project. Taxpayers who must start complying with monthly reporting in each phase are granted a 6-month grace period. This new obligation for Bulgarian entities is in accordance with the trend present in Europe in the terms of introducing or updating the VAT reporting system. Developed by the OECD, SAF-T is a standardized data format designed to streamline the exchange of tax information between businesses and tax authorities.
Businesses under SAF-T will need to submit:
- Monthly Reports: Details from the general ledger, along with records of purchases, sales, and payments.
- Annual Reports: Information about assets.
- On-Demand Reports: Data on the movement of goods as requested by the tax authorities.
Other news from Bulgaria
What is the currency conversion and rounding rule regarding the euro as an official currency in Bulgaria?

Bulgaria’s conversion from levs to euros follows strict rules using a fixed exchange rate expressed with five decimal places, without rounding or truncation. Converted amounts are then rounded to two decimal places based on standard rounding rules, unless specific legislation requires otherwise. The process of converting Bulgarian levs to euros leads to strict guidelines to ensure accuracy and con... Read more
Bulgaria finalizes designs for national euro coins.

The Bulgarian National Bank has finalized the national designs for Bulgaria’s euro coins, featuring culturally significant symbols like the Madara Horseman, St. Ivan Rilski, and Paisius of Hilendar. All coins include mandatory EU elements such as the 12 stars, the word "BULGARIA" in Cyrillic, and the year "2026," with the 2-euro coin bearing a unique edge inscription: “GOD PROTECT BULGARIA.” These... Read more
The National Revenue Agency (NRA) begins implementation of the international accounting standard SAF-T in Bulgaria.

Bulgaria’s National Revenue Agency (NRA) has launched the phased implementation of the international SAF-T standard for digital tax reporting, starting with large taxpayers in January 2026. Draft technical guidelines will be published in May 2025, followed by a six-month pilot beginning in July with select large enterprises. Over the next five years, the SAF-T requirement will gradually expand to... Read more
What is New in the Draft of Ordinance No 18 Regarding Fisal Devices in Bulgaria?

A new draft law (Ordinance No. 18) was released last week, outlining updated fiscal device regulations in preparation for Bulgaria’s euro adoption. The proposal introduces extensive new requirements, especially for gas station software and IASUTD systems, including rules for e-receipts, currency conversion, fiscal reports, and device homologation. Read more
Bulgarian National Bank Clarifies Eurozone Accession Process Regarding Introduces the Euro as an Official Currency in Bulgaria

The Bulgarian National Bank (BNB) has released the second part of its Q&A series on Bulgaria’s upcoming eurozone entry, focusing on eurozone governance and monetary policy. Key changes include a shift to the ECB’s monetary framework, reduced reserve requirements for Bulgarian banks, and increased capital contributions to the ECB. The BNB continues its public education campaign to ensure a smooth a... Read more
TLv6 Implementation Marks Significant Shift in EU’s Trust List Format
A new EU Trust List format, TLv6, will officially replace TLv5 in May 2025 as part of the updated eIDAS Regulation (EU 2024/1183). It introduces key technical changes like a new URI field, updated signature format, and optional phone number support. Organizations must update their systems to avoid signature validation failures and service disruptions, as TLv5 will no longer be valid once TLv6 take... Read more
The Draft Ordinance No. H-18 of 2006 on Registering and Reporting Sales in Retail Outlets Through Fiscal Devices, the Requirements for Software for Their Management and Requirements for Perso

The Bulgarian Ministry of Finance has released a draft amendment to Regulation No. H-18, introducing significant updates related to fiscal devices, software requirements, and electronic sales, now open for public consultation. Read more