Plans for OECD-based Standard Audit File for Tax of transactional-level VAT data
Bulgaria is set to join other countries implementing SAF-T, the OECD-backed standard schema for the exchange of information between tax payers and authorities. With the support of the European Commission, it has been reviewing existing EU implementations – including France, Poland and Portugal – for best practises before a launch potentially in 2025. This will include reviewing ledger formats, scope of data requests and transmission technical specifications.
The regime will apply to resident and non-resident tax payers (with a Bulgarian VAT number).
It is planned to announce in 2024 the formats and phased launch schedule. This indicates a likely launch of 2025 for the largest taxpayers.
Whilst SAF-T was launched over 10 years ago to standardise transaction-level data exchange for VAT reporting, most countries that have implemented it – around 10 in the EU – have diverged from the recommended schema. This creates problems for companies trading across the Single Market and the interoperability & reusability of code and processes for reporting. VATCalc’s transaction-level VAT Filer, which can produce European SAF-T reports which are fully reconciled to VAT returns.
Bulgaria e-invoicing plans are still to emerge following a public consultation in 2021.
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||Jan 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)|