SAF-T reporting in Bulgaria: what your business needs to know

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BORA Solutions
Business Solutions
Jun102025

Amendments to the Tax and Social Security Procedure Code: mandatory SAF-T reporting was introduced through amendments to the Tax and Social Security Procedure Code, published in extraordinary issue No. 26 of 27.03.2025 of the State Gazette. These amendments set the general framework for applying SAF-T.

The model and specifications developed:

The Bulgarian SAF-T model is based on the OECD XML schema, with national modifications that reflect specific Bulgarian tax legislation.

The National Revenue Agency (NRA) is working actively on the SAF-T implementation project, including with external consultants selected by the European Commission.

The NRA is holding public consultations on the structure, format, content and method of submitting the monthly SAF-T reports.

Implementation schedule (in phases): SAF-T is being introduced in Bulgaria in phases and will cover different categories of companies within these deadlines:

  • From 2026: for large enterprises with annual net revenue over BGN 300 million or annual net tax and social security liabilities over BGN 3.5 million (assessed on 2023 data). The first reporting period is January 2026, with a submission deadline of 14 February 2026.
  • From 2027: for large, medium-sized and small enterprises with annual net revenue over BGN 300 million or annual net tax and social security liabilities over BGN 3.5 million (assessed on 2024 data).
  • From 2028: for large, medium-sized and small enterprises with annual net revenue over BGN 15 million or annual net tax and social security liabilities over BGN 1.5 million (assessed on 2025 data).
  • From 2029: for all large, medium-sized and small enterprises.
  • From 2030: for all other taxpayers, including micro-enterprises registered under the VAT Act.

Content of SAF-T reports: SAF-T reports will contain detailed business and accounting information, including:

  • Identification data on the company, including related parties and ultimate owners.
  • The chart of accounts and accounting entries (general ledger).
  • Purchase and sales invoices, including data on suppliers and customers (receivable and payable accounts).
  • Annual reports: information on fixed assets (submitted by 30 June of the following year).
  • At the NRA’s request: data on inventory movements.

Penalties for non-compliance: penalties are provided for failing to meet the SAF-T requirements:

For legal entities and sole traders: fines from BGN 5,000 to 15,000, doubled for a repeated violation (from BGN 10,000 to 30,000).

For individuals: fines from BGN 500 to 2,000.

It is important to note that:

Businesses need to start adapting their accounting systems so that they can generate SAF-T files in the required format.

SAF-T does not replace the current reports and declarations; it is an additional requirement.

For the first six months after the obligation to submit SAF-T files arises, businesses do not have to submit them. Corrections are allowed during the following six months.

For current and accurate information, it is advisable to follow the official website of the National Revenue Agency (NRA) and publications in the State Gazette.

You can see all the information here: