The SAF-T format for exchanging accounting and financial data will likely soon be introduced in Bulgaria.SAF-T is currently being used in numerous European countries.Companies doing business in Bulgaria will likely be affected by this change. Bulgaria is planning to introduce the standard electronic format for exchange of accounting and financial data with the local tax authorities (SAF-T).With the support of the European Commission, Directorate General for Structural Reform Support, the National Revenue Agency and Ernst & Young Bulgaria are jointly implementing the project "Increasing voluntary compliance by implementing SAF-T in Bulgaria," through which the preparatory phase of the reform is...