January 1, 2025, is announced to be Bulgaria’s new target date for entry into the Eurozone, which also means that that will probably be the date for adopting the euro as an official currency in Bulgaria. That was announced in the project published on the government website strategy.bg, but importantly, there is no official law or confirmation yet. The Law on the Adoption of the Euro in Bulgaria has still not been published for public debate, and because of that fact, the fiscally relevant data are still not known.
Will Bulgaria introduce the euro in January 2025?
Public
Bulgaria
Author: Kristina Dosen
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Fiscal subject related
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3004
Content accuracy validation date:
02.10.2023
Content accuracy validation time:
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Bulgaria missed the previous target date for the introduction of the euro in the country, January 1, 2024, after the caretaker government did not submit a report on the fulfillment of the criteria for membership in the Eurozone in February, all in accordance with the previous news that we’ve published in relation to the euro subject. Also, the current parliament is currently working on key laws that must be ready before the introduction of the euro. During the week, the European Central Bank also gave a positive assessment of the new BNB law with technical recommendations that will be discussed with the Ministry of Finance before the final texts are proposed for a vote by the government and then by the deputies. The law should enter into force the moment Bulgaria becomes a member state of the Eurozone, but we need to wait for the official regulations, dates, and deadlines.
Other news from Bulgaria
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
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: Republic of Srpska. Read more
Online-Sales in Bulgaria: When cash-on-delivery-Goods are taxed and when they are not?
Bulgaria
Author: Kristina Dosen
Online- sales, also known as e-commerce, have their specifics from the point of view of sales documentation, in connection with which questions arise regarding the issuance of receipts. Read more
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
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
Author: Kristina Dosen
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?
Public
Bulgaria
Author: Kristina Dosen
Bulgaria
Author: Kristina Dosen
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
Author: Kristina Dosen
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
Author: Kristina Dosen
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