The Bulgarian lev (BGN) is the official currency of Bulgaria. While Bulgaria is an EU member state, it has not adopted the euro as its currency. But this will be changed soon. More specifically, there are some indications that this topic will be relevant next year. A debate on the euro will start at the beginning of next year. Everything depends on the parties and the government that will be forme... Read more

Since the Bulgarian fiscalization system belongs to a hardware-based system, meaning the usage of the predefined and homologated fiscal device is required, there are some rules about a fiscal device that is used in forms of fiscalization. More precisely, a fiscal device will be allowed to use and placed on the market only if meets the technical and functional requirements. This is the obligation o... Read more

In an effort to suppress tax fraud in online sales the EU adopted EU Directive 2011/16/EU to improve administrative cooperation in the field of taxation between EU countries (So called DAC7). The directive directs platform operators to collect information about the sellers on the platform and the sales generated from it and to report it to the responsible authority. At the same time, the individ... Read more

In Bulgaria, vending sales machines are subjects of fiscalization. In other words, certain rules and requirements must be fulfilled to comply with the law. More precisely, the fiscal device must be integrated into the vending device. A special type of fiscal device is used- fiscal devices integrated into the vending machine or FDIVM. Therefore, the person who sells goods or services through a ven... Read more

The purpose of this document is to provide the most important information about fiscalization in Poland Italy and Bulgaria, with an accent on the comparison between these countries. We can say that these countries belong to a hardware-based type of fiscalization. That means that there is mandatory to use hardware devices for fiscalization. In other words, there is an obligation to use predefined and homologated or certified fiscal devices in a hardware solution. That is, let’s say, the main similarity but of course, rules are very different in other terms. Meaning: every county established its rules and specifications, but we can group Poland, Italy and Bulgaria in one group-hardware-based fiscalization system. Read more

The National Revenue Agency in Bulgaria is implementing a project to implement the international standard for collecting accounting data from large and medium-sized taxpayers in a unified format based on the Standard Audit File for Tax Purposes (SAF-T) developed by the Organization for Economic Cooperation and Development /OECD/. SAF-T is a computer file that allows easy retrieval of a predefined... Read more