Non-resident business with a Portuguese VAT registration must submit monthly invoices under SAF-T PT from Jan 2023 Foreign businesses producing their Portuguese invoices using certified software are obliged from 1 January 2023 to submit monthly invoice summaries using the SAF-PT format. This will be due
Standard Audit File for Tax – harmonised transactional data schema for easy exchange with tax authorities The countries below have implemented (or propose) the OECD’s Standard Audit File for Tax (SAF-T). This is an harmonised XML schema of company transaction data from accounting records for
Tax authorities migrating from VAT returns to digital reporting requirements, including: e-invoices; real-time reporting; SAF-T; Control Statements; pre-filled VAT returns; freight transport e-registers; and fiscal cash registers Driven by stubborn VAT fraud and other missing indirect tax revenues – the EU VAT Gap is €136billion
Tax authorities migrating from VAT returns to digital reporting requirements, including e-invoices, SAF-T, Control Statements, pre-filled VAT returns and fiscal cash registers Driven by stubborn VAT fraud and other missing indirect tax levels – the EU VAT Gap is €136billion – many countries around the
France introduced a local version of the OECD’s SAF-T harmonised tax data reporting schema. The French version, FEC (Fichier des Écritures Comptable). The new regime comes into effect from 1 January 2014. France e-invoicing will be introduced from 2024 following a 1-year delay. Learn more about
Early adopter of OECD Standard Audit File for Tax taxpayer data scheme Luxembourg introduced the Standard Audit File for Tax (SAF-T) in January 2011. It is known as FAIA (Fichier Audit Informatisé). It is a schema for the exchange of accounting and VAT transactional data between
Next round of taxpayers added to Declaration 406 requirements; given 6-month soft landing for first filing The Romanian National Agency for Fiscal Administration (ANAF) has named an additional round of large taxpayers who will join the new Standard Audit File for Tax (SAF-T) D406. These 1,500
Lithuania, one of the three EU Baltic states is building out its i-MAS digital reporting requirement. This is enabling the digitisation of transactional reporting for more efficient audits and to help close the VAT Gap. The main reporting requirements under i-MAS include the following SAF-T
Portugal’s Autoridade Tributária e Aduaneira (AT) is to make compulsory the production of a Portuguese Standard Audit File for Tax (SAF-T) Accounting file added to the existing Invoice SAF-T PT requirements. This will come into effect from 1 January 2022 for resident businesses. The Accounting file is
6 month grace period – first Romanian SAF-T ‘Declaration 406’ not due until 30 June 2022 The Romanian National Agency for Fiscal Administration (ANAF) has provided fresh guidance on the launch for large taxpayers of its version of the OECD Standard Audit File for Tax
