TLDR
- Bulgaria’s parliament approved crypto reporting amendments with 149 votes in favor, none against and 10 abstentions.
- Crypto providers must report customer identities, tax residency details and transaction information to the National Revenue Agency.
- Reported data will cover crypto purchases, sales, transfers, exchanges and transactions involving fiat currencies or other crypto assets.
- The rules bring Bulgaria in line with EU requirements for tax authorities to exchange crypto user information across participating jurisdictions.
- The legislation transposes DAC8 into Bulgarian law, more than eight months after the EU deadline for member states to do so.
Bulgaria’s National Assembly has approved a law that will force crypto companies to report customer and transaction data to the country’s tax authority. The vote took place on September 9.
Lawmakers passed the bill with 149 votes in favor. None voted against it, while 10 abstained. The chamber has 240 seats in total.
The bill amends the Tax and Social Security Procedure Code. It was introduced by the Cabinet and passed its second and final reading.
What the New Rules Require
Crypto companies operating in Bulgaria must now register with the National Revenue Agency. They will also need to submit detailed information about their customers.
This includes each user’s name, address, date and place of birth, tax identification number and country of tax residence. The goal is to help authorities identify who is trading crypto assets.
Providers must also report on the crypto assets themselves. This covers each type of asset involved in transactions, transfers or exchanges carried out for customers.
Companies need to disclose total gross amounts from transactions and the number of units traded. They must also report the number of purchases or sales made against fiat currencies.
Transactions made entirely in crypto, without involving fiat currency, are covered too. This closes a potential gap where crypto-to-crypto trades might go unreported.
How This Fits Into EU Law
The new Bulgarian rules transpose two European directives into national law. They are part of the EU’s DAC8 framework, which expanded tax reporting to cover crypto assets.
EU member states were required to pass this kind of legislation by December 31, 2025. Bulgaria’s approval comes more than eight months after that deadline.
Once the rules are in place, tax authorities in EU member states and partner jurisdictions will be able to exchange information on crypto users. This is meant to help authorities spot unreported income or gains.
Crypto providers began collecting the required information starting January 1, 2026. The first full year of reports under this system is expected in 2027.
Withdrawals to external addresses can fall under the reporting rules too. This means transactions tied to self-custody wallets may show up in reports submitted by crypto companies.
However, transactions conducted entirely within self-custody wallets are not subject to continuous reporting. The framework focuses on activity that passes through registered providers.
The European Commission has said the aim of these rules is to address tax evasion linked to crypto trading. Officials argue that the cross-border nature of crypto can make it difficult for national authorities to track taxable activity on their own.
Existing customers will generally have until January 1, 2027, to provide valid tax-residency information under the EU system. Those who do not comply may face account restrictions after providers send two reminders and allow a 60-day window.
Bulgaria’s system will operate alongside a similar international effort known as the Crypto-Asset Reporting Framework, coordinated by the OECD. That framework began collecting data in 48 jurisdictions at the start of 2026.
Enforcement of the new rules will remain the responsibility of Bulgaria’s national authorities, who will apply penalties under existing domestic tax law.
