Bulgaria Cracks Down on Crypto Reporting

Bulgaria has implemented stricter crypto reporting rules in line with the European Union's DAC8 directive. The new regulations require crypto service providers to register with the National Revenue Agency and report user data, including purchases, sales, transfers, and exchanges of digital assets.

The changes also oblige crypto service providers to supply identification and transactional data on their clients, including tax identification numbers, full names, dates of birth, permanent addresses, and countries of tax residence. Reports will be submitted electronically once a year, before June 30 of the year following the reported period.

The amendments transpose the EU's DAC8 directive, which introduces for the first time the automatic exchange of information on digital assets between the tax administrations of member states. The exchange corresponding to 2026 transactions must take place before September 2027.