Bulgaria Passes Law Granting Tax Officials Full Crypto Data Access

Lawmakers Approve EU-Aligned Legislation

Bulgaria’s National Assembly connected Sept. 9 approved the last speechmaking of amendments to the Tax and Social Security Procedure Code that volition springiness gross officials entree to elaborate accusation connected crypto‑asset users. Lawmakers voted 149–0 successful the 240‑seat chamber, with 10 abstentions.

The bill, introduced by the Cabinet, transposes 2 European Union (EU) directives aimed astatine improving taxation transparency and curbing taxation evasion. Under the changes, taxation authorities crossed the EU and spouse jurisdictions volition beryllium capable to speech accusation connected individuals and companies trading successful crypto assets.

The amendments necessitate companies dealing successful crypto assets to registry and study idiosyncratic information to the National Revenue Agency. The accusation includes names, addresses, dates and places of birth, taxation residency details and taxation recognition numbers.

Providers indispensable besides taxable transaction‑level information for each benignant of crypto plus handled, including the full gross magnitude received, the fig of units traded, the fig of purchases oregon income against fiat currencies, and crypto‑to‑crypto transactions.

EU subordinate states were required to follow the directives by Dec. 31, 2025. The measures are intended to adjacent reporting gaps and fortify efforts to combat tax avoidance involving integer assets.

The ballot triggered contiguous treatment connected societal media, with privateness advocates criticizing the scope of information collection, calling it excessive and informing that mandatory disclosure of idiosyncratic details could exposure users to information risks. Others argued that the amendments spell acold beyond taxation transparency and magnitude to surveillance of lawful digital‑asset activity.

Crypto traders and tiny businesses expressed interest astir compliance costs. Some said the registration and reporting requirements would propulsion smaller providers retired of the marketplace and marque Bulgaria little competitory successful the determination fintech sector.

Supporters of the measure welcomed the move, saying it aligns Bulgaria with EU standards and helps forestall taxation evasion. Financial‑policy commentators described the amendments arsenic agelong overdue, noting that akin frameworks are already successful spot successful different subordinate states. The authorities is besides seen closing a large loophole and volition marque cross‑border taxation practice much effective.