Implementation of the SAF-T accounting reporting system in Bulgaria

SAF-T is a computer file that allows easy retrieval of a predefined set of accounting records in a generally readable format. This file makes it easy for taxpayers to provide their electronic records to tax auditors to support their tax returns, and for auditors to review accounting records. In practice, the business has a reporting tool that meets the requirements of various governmental or non-governmental organizations, for example, statistical agencies, auditors, banks, and industrial organizations.
For this purpose, the NRA should build its administrative capacity in terms of knowledge, skills and specific technical expertise, including through the exchange of good practices with countries that have already successfully implemented this international revenue accounting standard. We will see how that will be regulated and when it will start.