Fiscal subject related
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Let us remind you, certain meetings and adoptions of certain acts are confirmed in June 2021. They state that the target date for Bulgaria’s accession to the eurozone is January 1st, 2024. The introduction of the euro is planned without a transition period, and the date of adoption of the euro will coincide with its introduction as an official payment unit. The conversion will be carried out by applying the irrevocably fixed exchange rate between the euro and the leva. And after the introduction of the euro within a month, the lev and the euro will be legal tender at the same time. Bulgaria intends to accept the euro as its official currency from January 1, 2024, without a transition period—all commercial establishments in the country will be obliged to accept the euro from the first moment of its adoption. At the present time, it remains unclear how that will affect the rules, especially fiscal receipt.
Other news from Bulgaria
New document was uploaded: Digital Product Passport
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
New document was uploaded: S4F backoffice patch
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
How long the dual circulation period will last in Bulgaria, and in which currency change and return will be made?
From the date of the introduction of the euro in the Republic of Bulgaria, for a period of one month, the lev and the euro will be legal means of payment on the territory of the Republic of Bulgaria. (period of dual circulation of the leva and the euro). This means that for this one month, citizens will be able to make payments in both currencies. After the expiration of this period, the lev will... Read more
New document was uploaded: S4F backoffice installer
S4F backoffice installer is intended for users who are installing the software for the first time. Please make sure to obtain latest version of installer and to apply all subsequent patches that are released subsequently. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. This version of the Backoffice installer supports the following countries: Austria, Bulgaria, Croatia, France, Italy, Poland, Portugal, Romania, Slovakia and Slovenia. Read more
New document was uploaded: S4F backoffice patch
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Please note that this patch contains changes for following country: Croatia. Read more
Analyse the draft law for the introduction of the euro in Bulgaria: obligations in terms of the presentation of prices
As a reminder, last month the draft law about the introduction of the euro as an official currency was published, with a lot of changes and rules that must be followed. If we analyse it from the seller's point of view, more rules must be respected. We will elaborate on this topic below. Namely, when the prices of goods and services are indicated twice, the prices in euros and in levs must be plac... Read more
Analyse the draft regulation for the introduction of electronic receipts in Bulgaria.
As we wrote in our previous news, the Draft Ordinance amending and supplementing Ordinance No. H-18 of 2006 on registration and reporting through fiscal devices of sales in commercial establishments, requirements for software for their management, and requirements for persons who carry out sales has been made available for public discussion until April 3, signaling the government's commitment to soliciting feedback and ensuring a smooth transition to electronic receipt issuance. Read more