The Bulgarian government has published draft legislation for the introduction of mandatory submission of Standard Audit File for Tax ("SAF-T") reports. The legislation is expected to be adopted and come into force in the beginning of 2025.
What is SAF-T?
SAF-T is a structured electronic format for the submission of the detailed accounting information of a business to the revenue authorities in a standardized and machine readable way.
Who will have to submit SAF-T reports?
SAF-T reporting will become mandatory for businesses in several waves:
- from 2026 for large enterprises with annual net revenue exceeding BGN 300 m. / EUR 153 m. or annual net tax and social security liabilities exceeding BGN 3.5 m. / EUR 1.8 m.;
- from 2027 for large, medium and small enterprises with annual net revenue exceeding BGN 300 m. / EUR 153 m. or annual net tax and social security liabilities exceeding BGN 3.5 m. / EUR 1.8 m.;
- from 2028 for large, medium and small enterprises with annual net revenue exceeding BGN 15 m. / EUR 7.7 m. or annual net tax and social security liabilities exceeding BGN 1.5 m. / EUR 0.8 m.;
- from 2029 for all large, medium and small enterprises;
- from 2030 for all VAT-registered enterprises.
