Understanding the flexible SAF T standard adopted by Austria, France, Lithuania, Luxembourg, Norway, Portugal and Romania
SAF-T (Standard Audit File for Tax) is an international standard for the electronic reporting of accounting data from organisations to a national tax authority or external auditors used by tax administrations to gather granular data from businesses either on demand or periodically.
The SAF-T standard has been adopted in mostly European countries, alleviating the need for tax authorities to physically visit companies to extract and review wide-ranging corporate data.
This e-book includes:
- What is SAF-T? – an exploration of the standard and its origins
- A deeper dive of the SAF-T format – the current datasets and data requirements
- The challenges of SAF-T for businesses – the flexibility and wider use of the standard
- The future of SAF-T – what’s next?
- How Sovos can help