Norway is introducing SAF-T reporting for corporate entities, either resident or with physical presence in Norway (VAT registered businesses). From 1st January 2017 onwards it is required to provide SAFT-NO files in XML format on request of the Norwegian Tax authorities.
Tax authorities, due to technological innovations, have become increasingly better in executing their tax audit. The probability that the Tax Authorities will issue additional assessments and penalties in the near future because errors in indirect tax are detected, increases by the day. The SAF-T standard, originally created by the OECD, is intended to give tax authorities easy access to the relevant data in an easily readable format. This leads to much more efficient and effective tax inspections.
Filing SAF-T will be mandatory for taxpayers: of NOK 5 million gross, or annual transactions above 600 per annum.
The requirements in Norway are similar to OECD standard with only couple of exceptions. Not all OECD data types are required. Only the below subset has to be provided on request to the Norwegian tax authority:
- Company identification
- General Ledger entries: accounting documents
Integrated SAP solution
Our SAP add-on is extendable to countries such as Norway that uses the OECD framework as the basis for SAF-T reports. Note that countries might have their own specific local requirements but in case the basic required data are covered in the OECD framework it could be managed with country specific variants. You can compare it with the EU VAT requirements: EU Directive as framework with some country specific rules based on the options in the EU Directive.
Our partner's core business is to develop SAP certified add-ons and many well-known multinationals companies have implemented it for the comparable submission of electronic data.
The SAF-T SAP add-on solution is now available for Poland, Lithuania and Norway.
Our SAF-T solution is fully integrated in SAP without an external interface or use of external software and SAP release and upgrade independent. It is implemented without core modification and ABAP is the programming language. Installation done simply by external transport file. It contains user-friendly screens, own customized tables and own transaction codes and menus.
We provide 12 months of free maintenance service and yearly maintenance agreements (optional) for consecutive years. Maintenance services include version upgrades according to new regulations issued and bug-fixing:
- Online Helpdesk
- Dedicated Project Manager (SPOC -Single Point Of Contact)
- 2 hours response time for first priority issues
- Mail tracking
- Ticket Reporting
The solution is scalable. The SAP add-on is extendable to countries that uses the OECD framework as the basis for SAF-T reports. Countries could be added quickly in an (cost) efficient and effective manner as the SAF-T add-on is designed in a way that it allows companies to extend SAF-T requirements for other countries:
Product consists of two main parts;
- Core Part : The data extraction and main functionalities
- Localization part : Designed for further country adaptation requirements
Country adaptations are as you can see quite straight forward after the core implementation.
Turn key solution
The solution is a turn key solution and that means:
- Implementation (standard is 4-6 weeks)
- Support & Maintenance (one year free & yearly renewable)
More detail also including an overview of the requirements for Lithuania, Norway and Poland and the challenges companies need to overcome when SAP is run can be found in attached slide deck.
SNI and KEY Group have formed a strategic partnership to leverage the synergies between KEY Group's tax and SAP services and SNI’s SAP add-on solutions.
The partnership positions the KEY Group as a preferred partner of SNI. Through this strategic alliance, the two organizations will bring to market SAF-T SAP add-on and web based portal solutions. We work for some of the world’s biggest businesses in the areas of tax, ERP consulting and technology.
The service will be provided by our core team and supported by our operations in Poland, The Netherland and Turkey. This team is led by experienced and highly regarded Tax and SAP professionals who will be actively involved in all stages of the work we undertake. Our senior team is supported by experienced and motivated professionals with backgrounds as tax lawyers, chartered accountants and SAP (technical architects and functional).
We have the capacity to provide the services you require and sufficient flexibility should that need grow or reduce over time. The team has enormous experience in this type of SAP work including having managed migration / on-boarding projects and on-going (tax) performance advisory services for a number of global businesses.
SAP add-on solutions for SAF-T
- A cost efficient way to submit SAF-T files and perform risk management
- SAP add-on for SAF-T Poland
- SAP and SAF-T PL
- Mandatory e-audit files
- SAP - submitting close to real time data to tax authorities
- SAF-T what is next ... Lithuania!
- A scalable SAP solution for countries implementing SAF-T
- Norway introduces SAF-T to improve tax inspections
- Strategic partner alliance
- Integrated SAP solution for SAF-T
Case studies outlining similar projects could be provided.
Published by Richard Cornelisse
Richard advises multinational businesses in improving the efficiency and effectiveness of their Indirect Tax Function and Tax Control Framework.
He started his career as a manager at Arthur Andersen and then became a partner in EY where I led the indirect tax performance team for Netherlands and Belgium. Currently he is a senior managing director of Key Group.
Richard has over 20 years’ experience advising clients on international VAT issues. He is specialized in the tax aspects of financial transformations, shared service centre migration, and post merger integration work. Richard is also somewhat of a mentor, giving back to the profession. If you are interested in conversation and discussion, please feel free to contact him.