Standard Audit File for Tax
Lithuania rolled out its version of the OECD’s Standard Audit File for Tax (SAF-T) in 2017, and completed it’s current version, in 2019. It was phased in from 2018. Read about Lithuania’s i-MAS digital reporting regime which imposes a range of transactional obligations on businesses.
It is an on-demand requirement only, generally requested prior to a VAT audit. There is a reporting threshold of €300,000 per annum. This applied to both resident and non-resident businesses.
In Lithuania, SAF-T is an XML requirement structured over four groups:
- Header corporate data
- Master data: GL; customer master data; fixed asse
- General Ledger posting
- Support information on VAT transactions, including: sales and purchases; inventories; stock movements; and cash payments
In addition to SAF-T, Lithuania also requires a monthly sales and purchase invoice listing, i-SAF. Check which countries have implemented SAF-T.
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. After Hungary, it is expected Romania will be next. Since May 2005, SAF-T is recommended in the following five formats (per v2, 2010):
- 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|
|12||Ukraine||Jan 2023||Phased 2023 to 2027 implementation|
|11||Romania||Jan 2022||Mandatory monthly filings initially large taxpayers (due Jan 2023)|
|10||Hungary||Likely 2023||Potential introduction SAF-T HU|
|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)|