As of 1st of January 2020, it will be mandatory for companies to report on the SAF-T format for the accounting period starting the 1st of January 2020. Companies using cash registers are as of 2019 already obliged to use systems that are pre-approved in accordance with the SAF-T Cash Register.
We can assist with your SAF-T reporting.
SAF-T (“Standard Audit File - Tax Financial”) is a standard format for the reporting of electronic accounting data, upon request by the Tax Authorities. The format is developed in collaboration by industry organisations, system suppliers and the Tax Authorities in accordance with a template developed by the OECD. SAF-T will come into force from the 1st of January 2020.
All companies that are subject to the bookkeeping legislation, that have supplies exceeding NOK 5 million or more, as well as companies (subject to the bookkeeping legislation), that store their accounting data electronically, are liable to report their accounting data in the SAF-T format.
In connection with the digitalisation and automation of controls, the Tax Authorities will request that the accounting data is reported electronically in the SAF-T format. Initially, the Tax Authorities may request for the following accounting data to be provided in .xml format
It is expected that the SAF-T reporting will be expanded to include other data, and that the control of accounting data will pass from isolated audits to become periodic, with ongoing (”live”) reporting via altinn.