Norway has announced to introduce an on-demand mandatory Standard Audit File for Tax (‘SAF-T’) requirement for taxpayers starting from 1 January 2020.
The introduction was scheduled for 2018. SAF-T is a voluntary format for providing the Norwegian tax authorities with details of tax transactions since 2017. Although introduction has been delayed one of our clients had to provide the files already when an audit was announced in 2017. From a risk management and audit defense perspective it is therefore still important to be ready in time.
SAP add-on Norway is ready to demo
We offer a fully SAP-integrated solution to submit the requested tax data in an automated way. It contains a cockpit in order to create on request audit files including e-submission with signature and encryption of XML file.
Our Norway SAP add-on solution is ready to demo in our SAP environment
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The next SAF-T wave
The following countries might be in the next wave: Germany, UK, Ireland and the Czech Republic. The Netherlands and Belgium are experimenting with another electronic format called “Transaction Network Analysis”, TNA is an overall European Commission initiative and 8 other countries have already joined.
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SAP add-on solutions for SAF-T
- A cost-efficient way to submit SAF-T files and perform risk management
- eInvoicing requirements in Hungary per July 1, 2018
- 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!
- Italy - Quarterly informative report VAT invoices data
- SAP end-to End solution for periodic SII files in Spain
- A scalable SAP solution for countries implementing SAF-T
- Norway introduces SAF-T to improve tax inspections
- Integrated SAP solution for SAF-T
Written 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 center 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.