Bulgaria approves law mandating crypto firms to report user transactions

Bulgaria’s National Assembly voted overwhelmingly to adopt amendments to the Tax and Social Security Procedure Code, obligating crypto‑asset service providers to submit detailed customer and transaction information to the National Revenue Agency. The move aligns the country with the European Union’s DAC8 framework for cross‑border tax data exchange.

Parliamentary approval

The amendments passed with 149 votes in favour, no votes against and 10 abstentions in the 240‑seat chamber. The legislation, introduced by the Cabinet, completed its second and final reading on September 9.

Reporting obligations for crypto providers

Under the new rules, firms offering crypto‑asset services must register with the National Revenue Agency and report for each user:

• Name, address, date and place of birth
• Tax identification number and tax‑residence jurisdiction

In addition, providers must disclose transaction data covering:

• Purchases, sales, transfers and exchanges of crypto assets
• Total gross amounts, number of units traded and count of fiat‑currency transactions
• Crypto‑to‑crypto transactions

Alignment with EU DAC8

The amendments transpose two EU directives into Bulgarian law, fulfilling the EU’s Directive on Administrative Cooperation (DAC8). DAC8 requires member states to collect and exchange crypto‑related tax information starting January 1, 2026. Bulgaria’s approval comes after the EU deadline of December 31, 2025.

Implementation timeline

Crypto service providers began collecting reportable data on January 1, 2026. The first full‑year reports are due in 2027, and the aggregated data will be shared with other participating jurisdictions by September 30, 2027.

International context

The EU framework operates alongside the OECD’s Crypto‑Asset Reporting Framework (CARF), which extends similar reporting obligations to non‑EU jurisdictions. Other countries, including the United Kingdom and India, are also implementing comparable measures.