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.
Other sources
