Several news stories about Bulgaria's adoption of the euro as its official currency have been published by us in recent months. Although we provided some potential timeframes and standards, there are yet no official rules, laws, or dates.
Is adoption of the euro as an official currency in Bulgaria postponed?
Public
Bulgaria
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
1490
Content accuracy validation date:
01.03.2023
Content accuracy validation time:
15:20h
In relation to that, there has been some unofficial information from the Ministry of Finance in Bulgaria. According to how it is stated, Bulgaria will not submit the application form for admission until February 23, as originally planned. The postponement became clear at the last meeting of finance ministers in Brussels a few days ago. The reasons are the current inflation situation and not fulfilling certain time frames for the adoption of mandatory legislation. The Ministry also stated that the submission of the mandatory form can happen later this year if we succeed in passing the laws, which means that the date for a possible adoption is moved by one year, from January 1, 2024, to January 1, 2025. But we need to point out that this is not an official date. This is all in relation to Bulgaria's expected entry into the Eurozone.
Also, from another perspective, certain aspects of this major project are in progress from a legislative perspective and certain acts are being performed by the National Bank of Bulgaria, which will be introduced soon, 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
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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