Subject
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Norway is introducing SAF-T reporting for corporate entities with a volume of business exceeding NOK 5 million gross, or annual transactions above 600 per annum. If requested by the Tax Authority (Skatteetaten) and for accounting periods from the 1st of January 2020 onwards, these companies are required to provide SAF-T Norway files in XML format.
Initially, the Ministry of Finance considered that providing accounting data in this format should be a requirement for any party with bookkeeping obligations as of 1 January 2017. However, the final decision was to postpone it to the 1st of January, 2020. Please note that this is, at least initially, NOT a mandatory reporting, but instead a technical requirement on the format in which to deliver the accounting data if the Tax Authority asks for it.
Contact
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For any questions and solution, email me : suryapadhi@gmail.com
# tags
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#sapfico,
#saps4hana,
#sapgroupreporting,
#sapbpc,
#saftno,
#standardauditfiletaxation,
#tax,
#audit
Nice explanation
Very informative,thank you for the explanation, do you have anything related to Hungary?