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February 26, 2024 Bulgaria progressing on SAF-T implementation
The Standard Audit File for Tax (SAF-T), an international standard for electronic exchange of data between taxpayers and tax authorities, is likely to be introduced in phases in Bulgaria depending on the size of the business — affecting large taxpayers first, probably as of 1 January 2025. The standard, developed by Organisation for Economic Co-operation and Development (OECD), has been introduced in a number of countries. A working version of the XSD scheme of the Bulgarian SAF-T, which follows the OECD structure and has been designed as closely as possible to the OECD scheme, is now available on the official National Revenue Agency website (view here, in Bulgarian only). Phased implementation The phased implementation should help provide predictability for the relevant taxpayer group, allowing each group to know when its SAF-T filing obligation arises. The specific timing and starting dates will be set as the drafting process, adoption and enforcement of the regulatory framework unfolds. Currently, the following phases for implementation, following adoption of the SAF-T legal framework, are being publicly discussed:
Frequency of reporting
What's coming? Details related to the scope of the data required for the SAF-T file, mandatory and optional sections and subsections, starting date of the filing obligation, required technical preparation and other key issues will be specified in the regulatory framework to be drafted in the next phase of the reform.
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