Norway SAF-T delayed to 2020
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.
SAF-T introductions and new country rollouts
KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and does not change existing customer SAP functionality or processes. It is fully configurable with custom namespace /KGT.
KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
KGT provides also S/4 HANA transformation support.
