Bulgaria is set to adopt the accounting Standard Audit File for Tax (SAF-T) in phases, with the rollout expected to begin in 2025. The implementation will be conducted over five years, starting with large taxpayers who will be required to file reports in SAF-T format within 6-24 months. This will be followed by medium-sized businesses, small businesses, and micro-enterprises. Under the SAF-T system, businesses will need to submit monthly reports detailing information from the general ledger, as well as records of purchases, sales, and payments.
SAF-T Accounting in Bulgaria
Public
Bulgaria
Author: Nikolina Basic
Category:
Fiscal subject related
Views:
1014
Content accuracy validation date:
19.09.2024
Content accuracy validation time:
07:35h
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
New document was uploaded: S4FiscalBackoffice Patch
Author: Dejan Šijačić
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Euro adoption in Bulgaria: no extension for Lev-Euro dual circulation period and special monitoring of the new rules
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
Bulgaria joined the Eurozone on 1 January 2026 and has launched strict price-monitoring and dual-pricing rules to prevent hidden price increases, with the tax authority cross-checking retail prices against VAT data and inspecting key consumer sectors. The lev remains usable only until 31 January 2026, after which the euro becomes the sole legal tender, while mandatory dual price display in lev and... Read more
Bulgaria Adopts the Euro on 1 January 2026: What Citizens and Businesses Need to Know
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
Bulgaria will adopt the euro on 1 January 2026, with a one-month dual-circulation period and automatic conversion of all prices, accounts, assets, and liabilities at the fixed rate of €1 = 1.95583 BGN. To protect consumers, dual price display will remain mandatory until 8 August 2026, cash levs can be exchanged free of charge through banks, post offices, or permanently at the Bulgarian National Ba... Read more
Bulgaria's Euro Switch: exchange boards change format, and ATMs update rules.
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
Bulgaria’s move to the euro on January 1, 2026 will introduce Eurozone-style exchange boards and a short, early-morning ATM and card-payment pause during the currency switchover. From January onwards, ATMs will dispense euros, businesses will still accept leva for a month, and all bank accounts and cash will convert automatically at the fixed rate. As Bulgaria prepares to officially adopt the euro... Read more
New document was uploaded: S4FiscalBackoffice Patch
Author: Dejan Šijačić
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: S4F backoffice installer
Author: Dejan Šijačić
S4F backoffice installer is intended for users who are installing the software for the first time. Please make sure to obtain latest version of installer and to apply all subsequent patches that are released subsequently. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. This version of the Backoffice installer supports the following countries: Austria, Bulgaria, Croatia, France, Italy, Poland, Portugal, Romania, Slovakia and Slovenia. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: S4FiscalBackoffice Patch
Author: Dejan Šijačić
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login