Fiscal subject related
General information
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 euro adoption.
The bill was submitted on 18 May 2026. It applies to items in Bulgaria’s official “small consumer basket”, used for inflation monitoring. Products include staples such as bread, milk, dairy, meats, and poultry. The measure follows similar VAT cuts in other countries responding to rising food costs linked to the Gulf conflict.
The proposal comes as Bulgaria prepares to adopt the euro on 1 January 2027, a move that has intensified scrutiny of consumer prices. Food price increases, driven by global supply chain disruptions and geopolitical tensions, have added urgency to the debate.
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Bulgaria
Author: Nikolina Basić
The NRA has initiated inspections on the Bulgarian Black Sea coast to ensure compliance with tax regulations, prevent unjustified price hikes, and monitor businesses. The National Revenue Agency (NRA) has begun large-scale inspections along the Bulgarian Black Sea coast for the summer season. The campaign is designed to ensure businesses comply with tax and social security regulations, while also... Read more
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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 advances DAC8 and DAC9 implementation bill
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
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.
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