Bulgaria passes tax procedure amendments giving revenue agency access to crypto user data

Bulgaria’s National Assembly approved amendments to the Tax and Social Security Procedure Code on Sept. 9, clearing the way for the country’s National Revenue Agency to obtain detailed information on crypto-asset users. The bill passed with 149 votes in favor, none against, and 10 abstentions in a 240-seat parliament. Under the amendments, crypto-asset businesses will be required to register and report customer information to the tax authority. The required disclosures include users’ names, addresses, dates and places of birth, tax residence, and tax identification numbers. Firms must also submit transaction data covering different types of crypto assets, including gross amounts received, transaction volumes, the number of fiat purchase and sale transactions, and crypto-to-crypto exchange activity. The measure implements two European Union directives. Privacy advocates said the scope of data collection is too broad and warned that mandatory disclosure of personal information could create security risks. Crypto traders and small businesses said the registration and reporting rules would raise compliance costs. Supporters of the bill said the framework aligns with EU standards and could help curb tax evasion. EU member states are required to adopt the directives by Dec. 31, 2025.