The Bulgarian Parliament passed a tax law amendment bill with 149 votes in favor (0 against, 10 abstentions), mandating the reporting of detailed information of cryptocurrency users to the National Revenue Agency (NRA) to implement European Union (EU) directives (such as DAC8). According to the amendment, Virtual Asset Service Providers (CASPs) must submit all transaction data, including total transaction amount, transaction volume, and fiat currency conversion details, along with user identity information such as name, address, date of birth, and taxpayer identification number, to the National Revenue Agency. While the industry and privacy protection organizations are protesting, citing increased compliance costs and data leakage risks, authorities have justified the move as a measure to prevent tax evasion and ensure compliance with the EU regulatory framework. The bill is seen as a step to ensure transparency in virtual asset taxation ahead of the December 31, 2025 deadline for EU member states to adopt such measures.
