National Revenue Agency Initiates Public Consultation for Phase Launch of Standard Audit File for Tax (SAF-T)
On May 9, the National Revenue Agency (NRA) of Bulgaria launched a public consultation regarding the five-year rollout of the Standard Audit File for Tax (SAF-T). This consultation addresses the structure, format, content, and submission methods for the monthly transaction reporting requirements.
Launch Timeline
January 2026: Large enterprises with a turnover exceeding BGN 300 million or tax obligations exceeding BGN 3.5 million.
January 2028: Mid-sized enterprises with a turnover greater than BGN 15 million or tax obligations exceeding BGN 1.5 million.
January 2030: All remaining taxpayers.
Bulgaria’s adoption of SAF-T aligns with the OECD-supported standard schema for the exchange of information between taxpayers and tax authorities, joining other countries that are implementing similar measures.
Reporting Requirements
The Bulgarian SAF-T framework mandates three types of reports:
1. Monthly Reports (due by the 14th of the following month):
General Ledger
Accounts Payable and Receivable
Sales and Purchase Invoices
2. Annual Reports (due by June 30 of the following year):
Fixed Assets
3. On-Demand Reports:
Inventory
A six-month grace period will be provided for the first submission, allowing businesses to adapt to the new requirements.
