Bulgaria Cracks Down on Crypto Tax Evasion with New User Data Reporting Rules

Bulgaria has approved new rules that will require crypto companies to share detailed user and transaction data with tax authorities. The move aims to help EU tax authorities combat crypto tax evasion and avoidance.

The National Assembly passed the changes on September 9, requiring crypto-asset companies to register and provide information to the National Revenue Agency as part of new rules linked to European Union tax reporting.

Under the new rules, companies will have to share user data including name, address, date and place of birth, tax residence, and tax identification number. They will also have to report on crypto transactions, including the total gross amount received from transactions and the number of crypto-asset units traded.