Bulgaria is preparing to adopt the euro, with the transition expected to begin on January 1, 2026, though the date is not yet officially confirmed. During the one-month transition, ATMs will dispense only euros, and starter kits of Bulgarian euro coins will be made available to help ease the switch. The Bulgarian National Bank has finalized preparations for minting euro coins and secured enough ba... Read more

Starting July 1, 2030, the EU will eliminate the Intra models for VAT reporting, replacing them with mandatory electronic invoicing under Directive 516/2025. The new system, part of the VIDA 2030 Package, will require businesses to issue standardized e-invoices for all intra-EU B2B transactions, with data transmitted to VIES for cross-border VAT monitoring and fraud prevention. This shift aims to... Read more

The Digital Services Act (DSA) is an EU regulation designed to ensure safer and more transparent online environments by imposing new responsibilities on digital service providers, including those outside the EU. It applies to a broad range of online platforms, with stricter obligations for very large platforms, but also key requirements for medium-sized businesses, such as EU representation, transparency, and content moderation reporting. Read more

Bulgaria’s euro transition will be overseen by multiple authorities, including the National Revenue Agency (NRA), Consumer Protection Commission (CPC), Bulgarian National Bank (BNB), Financial Supervision Commission (FSC), and the Minister of Electronic Governance, each responsible for specific compliance areas. These bodies will ensure fair pricing, consumer protection, financial system readiness... Read more

Following Bulgaria’s approval to join the eurozone, all retailers must display prices in both leva and euros with equal prominence starting one month after the official adoption decision, continuing for 12 months after the euro's introduction. During this period, fiscal receipts must show the final payment amounts in both currencies, and Bulgarian Posts will facilitate currency exchange at over 2,... Read more

Bulgaria’s conversion from levs to euros follows strict rules using a fixed exchange rate expressed with five decimal places, without rounding or truncation. Converted amounts are then rounded to two decimal places based on standard rounding rules, unless specific legislation requires otherwise. The process of converting Bulgarian levs to euros leads to strict guidelines to ensure accuracy and con... Read more

Bulgaria’s official euro adoption website, evroto.bg, was updated on April 15, 2025, with enhanced “For Citizens” and “For Business” sections offering clear guidance on the transition to the euro. The updates provide practical information on pricing, contracts, accounting, and compliance, along with a user-friendly layout to help individuals and businesses navigate the change. The official website... Read more