BULGARIA Trends and Developments Contributed by: Todor Banchev Todorov and Victoriya Grishina, Banchev and Grishina Law Firm
Three overarching themes emerge, as follows. • First: digitalisation. SAF-T and enhanced data analytics fundamentally alter audit methodology, enabling systematic cross-checks across VAT, accounting and transfer pricing domains. • Second: integration. Regulatory regimes increas - ingly interact – euro transition rules intersect with VAT reporting; fiscal controls align with digital data submissions; global minimum tax calculations rely on accounting coherence; environmental taxation links local and EU-level policies. • Third: enforcement intensity. Expanded supervisory powers, turnover-based sanctions and integrated data analysis increase audit exposure and dispute frequency.
For businesses, compliance is no longer a compart - mentalised exercise. Consistency across accounting systems, VAT treatment, logistics documentation, transfer pricing policies and environmental reporting is becoming a core risk-management priority. In this evolving environment, proactive planning, early align - ment of operational and tax models and sophisticated audit defence strategies will play a decisive role in mitigating regulatory and financial exposure.
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