Since the introduction of Angola VAT on 1 October 2019, certain taxpayers have been subject to the Standard Audit File for Tax SAF-T requirements. This includes businesses with an annual turnover above AOA 50million and those registered with Repartição Fiscal dos Grandes Contribuintes (RFGC)
Check which countries have implemented SAF-T.
Angolan SAF-T is only required on request. Certified software must be able to create a Standard Audit File for Tax (SAF-T) with information on invoices issued, which must be sent to the tax authorities on a monthly basis.
It is divided into the following File Sections:
- Master data:
- General Ledger Accounts (chart of accounts)
- Tax table (VAT and Stamp Tax)
- General Ledger entries
- Sales invoices
- Stock movements
- Working documents
- Purchase invoices
OECD Standard Audit File for Tax (SAF-T)
The OECD launched v1 of SAF-T as a standard for tax authorities and taxpayers to efficient exchange information. It is XML-based. Over 10 European countries have already adopted it.
- General Ledger: journals;
- Accounts Receivable: customer master files; invoices; payments;
- Accounts Payable: supplier master file; invoices; payments;
- Fixed Assets: asset master files; depreciation and revaluation; and
- Inventory: product master files; movements.
Standard Audit File for Tax SAF-T countries
|Country (click for details)||Date||Scope|
|13||Ukraine||Jan 2025||Phased 2025 to 2027 implementation|
|12||Bulgaria||Jan 2025||Phased introduction over two years|
|11||Denmark||2024?||Phased implementation from 2024|
|10||Romania||Jan 2022||Mandatory monthly filings initially large taxpayers (due Jan 2023)|
|9||EU OSS & IOSS||Jul 2021||On-demand for sellers, marketplaces or Intermediaries|
|8||Norway||2020||Replaced VAT return 2022|
|6||Lithuania||2019||On-demand; residents and non-residents above €30,000 sales threshold|
|5||Poland||2016||Mandatory, monthly replaced VAT return Oct 2020|
|1||Portugal||2009||Monthly for residents and non-residents (Jun 2022)|