Tax Newsletter: Introduction of SAF-T reporting in Bulgaria from 2026

Which businesses will be required to submit SAF-T reports?

The obligation to submit SAF-T reports will be introduced in several waves and will cover all companies, consortia, sole traders and cooperatives, as well as branches and permanent establishments of foreign entities in Bulgaria. Micro-enterprises under the Accounting Act which do not have a VAT registration will be exempt.

SAF-T reporting will begin to apply 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 payments 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 payments 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 payments exceeding BGN 1.5 m. / EUR 0.8 m.;
• from 2029 for all large, medium and small enterprises;
• from 2030 for all other enterprises within the scope of SAF-T reporting.

The criteria for the category of enterprise under the Accountancy Act, annual net revenue and annual net tax and social security payments are assessed for two years in the past (i.e., reporting obligation will arise for 2026 if the criteria were met by the enterprise as at the end of 2023).

What will have to be reported with SAF-T?

SAF-T reports will cover detailed business and accounting information including:

• identification data for the taxpayer and its ultimate owners;
• chart of accounts and all accounting entries;
• all purchase and sales invoices, including all suppliers and customers and an indication if they are related parties;
• all incoming and outgoing payments;
• all assets and inventory and transactions with them;
• business nomenclatures and tax codes.

Frequency of submission

SAF-T reports will be submitted:

• monthly (by the 14th day of the following month) - including principal accounting information such as general ledger entries, invoices and payments;
• annually (by 30 June of the following year) - covering all fixed assets and transactions with them;
• upon request by the National Revenue Agency - covering all inventory and transactions with it.

For each wave, the first 6 monthly SAF-T reports can be freely corrected until the deadline for submission the 7th monthly SAF-T report.

SAF-T reports should be submitted electronically. The National Revenue Agency will publish a detailed format for the information to be included and guidelines for preparation. Currently, a draft of the structure of SAF-T reports has been published, which is not expected to undergo significant changes.

Sanctions ranging from BGN 5,000 / EUR 2,550 to BGN 15,000 / EUR 7,700 are introduced for failure to submit SAF-T reports within the prescribed deadline.