Your Gateway to Financial Regulation News and Insights In today’s fast-evolving financial landscape, staying informed is not just important — it’s essential. WishCatch.world is your trusted resource for real-time updates, expert analysis, and clear explanations of regulatory changes affecting the finance, accounting, and tax sectors across the region. Whether you're a financial professional, business owner, or simply someone who values transparency and compliance, our goal is to help you understand the "why" behind every new rule — and how it affects you. 🔍 Clear. Reliable. Regional. From tax reforms to digital finance regulations, we cover the latest developments that shape the economic environment around you. Stay ahead. Stay compliant. Stay informed — with WishCatch.
Bulgaria Introduces New Tax Reporting Requirements for SMEs
Introduction:
As of July 2025, small and medium-sized enterprises (SMEs) in Bulgaria must comply with updated tax reporting standards, following a directive by the National Revenue Agency (NRA).
Main Content:
SMEs are now required to submit quarterly income statements in digital format via the NRA portal.
Failure to comply will result in penalties starting from BGN 500.
These changes aim to increase transparency and reduce tax evasion in local markets.
Businesses are encouraged to update their accounting software and train staff accordingly.
EU Digital Finance Package Now Fully Effective
Introduction:
The European Union’s ambitious Digital Finance Package came into full effect this month, impacting fintech regulations across the bloc.
Main Content:
Key changes include licensing for crypto-asset providers under the MiCA regulation.
New consumer protections require digital platforms to disclose transaction fees more transparently.
The law enhances cross-border financial services, particularly for digital banks.
Bulgarian firms offering digital wallets must now register under the new eIDAS compliance system.
Anti-Money Laundering Rules Tightened in Southeastern Europe
Introduction:
Regional financial institutions face stricter due diligence and reporting standards as part of coordinated efforts against money laundering.
Main Content:
The 6th Anti-Money Laundering Directive (AMLD6) expands liability for company owners and executives.
Banks must now report suspicious transactions over €5,000.
Companies are encouraged to appoint dedicated AML compliance officers.
Regulators in Bulgaria will be conducting random audits from Q3 2025.
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