Bulgaria Grants Tax Officials Full Access to Crypto Data

Bulgaria just updated its tax laws to align with European Union rules. The National Assembly approved final amendments to the Tax and Social Security Procedure Code. Tax officials now have full power to track and inspect crypto holdings and transactions across local exchanges.

This move aims to stop tax evasion and improve crossborder tax transparency within the region. Crypto platforms operating in the country must now share detailed user transaction histories with the government. Authorities want to close any loopholes that let traders hide digital assets from traditional tax reporting.

Traders and investors in the region need to pay close attention to their tax reporting habits. As more European nations adopt strict data sharing rules, privacy is shrinking fast. Watch for similar tax compliance updates from other European countries in the coming months.