The news about changing the official currency to EUR appeared a couple of months ago, but still, there is no precise information about that process. Certainly, it will change a large number of regulations, and it will affect all businesses. As we have stated before, this change will also affect fiscalization rules, from both, legal and technical perspective. It will require changes in the POS, and in the fiscal printer, changes will be made to receipts, reports, and other documents.
What is the timeline for changing currency into EUR in Bulgaria?
Public
Bulgaria
Author: Kristina Dosen
Category:
Fiscal subject related
General information
Views:
1340
Content accuracy validation date:
24.01.2023
Content accuracy validation time:
14:53h
Therefore, although there are still no official dates, meetings are being held between the National Revenue Agency, the Bulgarian Institute of Meteorology, and producers of fiscal devices. The discussions are in relation to what has to be changed/adapted in the fiscal devices (and when), in order for the latter to comply with the requirements in the actual framework for the introduction of the euro. That is very important, because the initial plan is to switch to a new currency in 2024, and there is not enough time. We will see if there are going to be some postponements in the timeline because the official law has not been published yet, the whole law procedure is a bit long, the public debate is still pending, and new general elections still need to be scheduled. Also, that will affect publishing new regulations, not only in fiscal terms but in other ways too. According to available information, the public debate is expected to end in the middle of February 2023, assuming everything goes as planned. In terms of fiscalization, certain acts must be available a few months before 2024 in terms of the technical requirements for fiscal devices, as well as changes in the VAT law and Ordinance No. 18 as to the main fiscal-related laws. Of course, we will monitor all changes, so stay tuned.
Other news from Bulgaria
Euro in Bulgaria: free exchange of levs ends June 30
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
Bulgarian citizens can exchange levs for euros free of charge at banks and post offices until 30 June 2026, while the Bulgarian National Bank will continue free exchanges without limit or deadline. As a reminder, Bulgarian citizens have until June 30, 2026 to exchange lev banknotes and coins for euros free of charge at commercial banks and Bulgarian Post offices. Exchange Rate: Fixed at 1.95583 l... Read more
Bulgaria considers 0% VAT on essential foods
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
Bulgaria is considering a 0% VAT rate on essential food and beverage products to reduce inflation pressure ahead of its planned euro adoption on 1 January 2027. Bulgaria’s National Assembly is reviewing a draft bill that would introduce a 0% VAT rate on essential food and beverage products. The proposal aims to ease household budgets amid inflation concerns and the country’s upcoming e... Read more
Bulgaria advances DAC8 and DAC9 implementation bill
Public
Bulgaria
Author: Vukašin Santo
Bulgaria
Author: Vukašin Santo
Bulgaria’s proposed DAC8/DAC9 amendments would expand automatic tax information exchange to crypto-assets, e-money, CBDCs, and Pillar Two-related group reporting, with crypto due diligence duties starting from January 1, 2027. Bulgaria’s National Assembly accepted for consideration Bill No. 52-602-01-10 on May 7, introducing amendments linked to DAC8 and DAC9 rules on administrative cooperat... Read more
ECB publishes first analysis after Euro adoption in Bulgaria
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
The ECB's analysis indicates Bulgaria's euro adoption is proceeding smoothly, with minimal price shocks and inflation increases. Public confidence in the euro has improved, reflecting experiences similar to other eurozone nations. The European Central Bank (ECB) has released its first analysis following Bulgaria’s entry into the euro area. The report shows that the introduction of the euro i... Read more
Bulgaria introduced SAF-T Guidelines for 2025 Budget compliance.
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
The Bulgarian National Revenue Agency has updated its Q&A guidance to help businesses and software developers comply with new SAF-T digital reporting requirements introduced under the Code of Civil Procedure and the 2025 State Budget. The update provides clearer submission instructions and addresses new technical questions raised by stakeholders. The Bulgarian National Revenue Agency has released... Read more
New document was uploaded: S4FiscalBackoffice Patch
Author: Dejan Šijačić
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). This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Euro adoption in Bulgaria: no extension for Lev-Euro dual circulation period and special monitoring of the new rules
Public
Bulgaria
Author: Nikolina Basić
Bulgaria
Author: Nikolina Basić
Bulgaria joined the Eurozone on 1 January 2026 and has launched strict price-monitoring and dual-pricing rules to prevent hidden price increases, with the tax authority cross-checking retail prices against VAT data and inspecting key consumer sectors. The lev remains usable only until 31 January 2026, after which the euro becomes the sole legal tender, while mandatory dual price display in lev and... Read more