All you need to know about SAF-T in Luxembourg

Source SNI

What is SAF-T FAIA?

FAIA is an OECD version of SAF-T used in Luxembourg for VAT monitoring purposes. It is intended to digitize and standardize VAT reporting.

Do I have to use SAF-T in Luxembourg?

FAIA was introduced in 2011. The notification is required by law for companies with VAT compliance on request prior to an audit . The reporting threshold in Luxembourg is an annual income of € 112,000. The reported data generally relate to an accounting year.

Luxembourg: SAF-T format

FAIA is based on the OECD version SAF-T 2.0.

Luxembourg’s SAF-T requirements are as follows:

– header

– Master file (G / L accounts, customers, suppliers)

– General ledger entries

– Original documents (outgoing invoices, incoming invoices)

The XML format is fundamentally / generally prescribed. There are FAIA schemes :

The FAIA_v2.01_full.xsd diagram or the FAIA full schema for the majority of companies with complete accounting software packages . It is to be used when the system used is integrated, ie when the accounting, invoicing, inventory management module, etc. are a single system.

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