Standard Audit File for Tax, better known as SAF-T, is a file type based on the XML standard used internationally for electronic exchange of tax information.
In a globalized environment with widely varying accounting systems, standardization is critical for identifying tax fraud quickly and effectively. Many European tax authorities have adopted this system to gain greater control over tax data.
SAF-T was introduced by the Organization for Economic Cooperation and Development (OECD). SAF-T files are generated in a common, readable and easily-exportable format regardless of the software used according to a defined set of accounting records.
The files contain reliable information so tax authorities or external auditors can quickly identify anomalies in businesses’ accounting.
To generate a SAF-T file, open the program and choose the option to select the content you want: invoicing and/or accounting data.
Source: edicomgroup.com
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