In Europe SAF-T is now in force in Austria, France, Lithuania, Luxembourg and Poland. We understand that Germany, UK, Ireland, Norway and the Czech Republic are most likely next to introduce SAF-T. Lithuania is expanding its SAF-T. Starting October 1, 2016 all VAT-registered taxable persons, - including foreign companies registered for VAT - will be required to submit a SAF-T file in XML format to the LT Tax authorities on a monthly basis.
Filing SAF-T will be mandatory for almost all companies with net sales for FY2015 exceeding EUR 8 million. The first monthly mandatory submission date is 21 November 2016. The submission of the SAF-T files on request to the Lithuanian Tax Authority or other institutions starts on 1 January 2017.
Not complying with this obligation will not only negatively affect the position of taxpayers during a tax audit but also result in unforeseen tax costs as penalties will be levied. The controlling authorities are State Tax Inspectorate, Customs Office, Financial Crime Investigation Service, Social Insurance Fund Board.
Date in force
Who is impacted?
1 January 2016
|Recommended for all private legal entities, public sector entities and other non-profit legal entities, foreign legal entities’ branches and agencies|
1 January 2017
|Mandatory for all profit seeking private legal entities, whose net sales revenue exceeded 8 million EUR in 2015|
1 January 2018
|Mandatory for all profit seeking private legal entities, whose net sales revenue exceeded 700 thousand EUR in 2016|
1 January 2019
|Mandatory for all profit seeking private legal entities, whose net sales revenue exceeded 45 thousand EUR in 2017|
1 January 2020
|Mandatory for all profit seeking private legal entities, whose net sales revenue exceeded 45 thousand EUR during the period preceding the last financial year|
When a treshold is triggered once, the accounting data needs to be mandatory submitted ongoing, even if net sales revenue in subsequent accounting periods will be below the treshold.
SAP and VAT SAF-T
SAF-T VAT solution for Poland, Lithuania and Norway
This integrated SAP solution is developed together with a certified Global SAP Application Partner. The 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
If all 3 countries are purchased all at once a package discount will apply. All inclusive means implementation, training and 1 year of free support and maintenance for bug-fixes & legal updates. We have an office and management in Poland and local people provide helpdesk support in English and Polish.
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.
Case studies outlining similar projects could be provided.
More detailed background information about SAF-T compliance and planning
- Mandatory electronic audit files a worldwide trend
- Tax authorities peeking at your data
- Guidance for the Standard Audit File - Tax, Version 2.0
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
- 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 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.