Bulgaria tightens crypto tax reporting rules in line with EU law

Bulgaria is stiffening tax reporting requirements for crypto assets, users and platforms in accordance with the latest EU standards in the field, finally joining other member states that have already done so.

Under updated legislation, the nation’s tax authority will be able to obtain detailed info about all kinds of coin-related transactions through service providers operating in its jurisdiction and across the Union.

Sofia amends tax code to enforce European crypto rules

Recently adopted amendments to Bulgaria’s tax law are introducing strict reporting obligations for entities processing cryptocurrency transactions on behalf of taxpayers in the country.

The changes to the Tax and Social Security Procedure Code, passed by the National Assembly last week, were published in the country’s official gazette on Tuesday, opening the door for their enforcement.

New provisions in the revised Bulgarian legislation require crypto service providers to register with the National Revenue Agency (NRA) and share identification and transaction data for their customers.

The scope of the information wanted covers the purchase and sale, transfer and exchange of digital assets, listed by category, the number and total volume of carried out transactions, including fiat flows.

Personal tax numbers must be provided as part of the required identification procedures, which will also reveal users’ full names, dates of birth, permanent addresses, and countries of tax residence.

While transfers between accounts on crypto platforms and self-hosted wallets will be featured in these reports, the companies are not required to track coin movements between external private addresses.

The compiled data will be submitted electronically once annually, by June 30 of the year following the year when it was collected. The first period for which this applies started on January 1, 2026.

The new texts, meant to improve the transparency of crypto-related transactions, will not increase the tax burden on investors or change the way the tax base is currently calculated, local media noted.

Financial Supervision Commission to license service providers

Starting from July 1, 2026, only licensed businesses are permitted to offer crypto services within the EU, as per the Markets in Crypto Assets (MiCA) regulation.

Bulgaria’s unicameral parliament passed legislation designed to implement MiCA on June 20, 2025, which entered into force a couple of weeks later, in early July, last year.

MiCA licenses in the country are issued by its Financial Supervision Commission (FSC), which has so far granted only two, as the daily Sega remarked in an article.

However, more than 70 firms have already notified the watchdog they own licenses issued by regulatory bodies in other EU member states, authorizing them to work across the 27-strong bloc.

Bulgaria is late with implementing EU crypto tax directive

The recently adopted Bulgarian bill № 52-602-01-10 transposes the latest provisions of the European Union’s Directive on Administrative Cooperation (DAC) into national law.

The latter promotes tax transparency and facilitates cooperation between tax authorities in individual EU nations. Its DAC8 version specifically provides for the automatic exchange of information on crypto assets for the first time.

Lawmakers in Sofia approved the legislation on second and final reading on September 9, with 149 votes in favor, none against, and 10 abstentions. The legal document was published on September 15.

EU tax administrations will share information no later than nine months after the end of a calendar year. The first exchange, for transactions made in 2026, should take place in September 2027.

Bulgaria, which joined the eurozone this year, is late to make the legislative changes, as EU members were required to do so by the last day of 2025. But it’s not the only one lagging behind.

Poland, for example, is yet to adopt its own MiCA-introducing crypto-asset act. A draft law filed by the cabinet of Prime Minister Donald Tusk has become a major point of political contention in Warsaw.

The latest attempt to overturn President Karol Nawrocki’s third veto on the government’s bill failed in the Sejm recently, and the Polish head of state proposed his own in a bid to end the stalemate.