The Standard Audit File for Tax (SAF-T) is an international standard for electronic exchange of accounting data between taxpayers and tax authorities. It was developed by the OECD in 2005 and the latest version is OECD SAF-T 2.0. The Romanian authorities also rely on this version. The informative statement D406 (SAF-T) is an electronic file based on XML, used for sending tax reports, including VAT reporting, from taxpayers to tax authorities.
The Taxpayer’s Guide provides clarifications on reporting deadlines, taxpayers’ obligations, potential fines, and technical specifications. Key points for taxpayers include submission deadlines, which vary based on the reporting period and type of information being submitted. The requirement to provide the SAF-T file is mandated by the Romanian Tax authorities for different types of taxpayers, with deadlines specified for large, medium, small, and newly registered taxpayers.
Source KPMG
