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Unlocking the Future of Financial Reporting: The SAF-T 1.30 Update in Norway

Norway has updated its Standard Audit File for Tax (SAF-T) Financial format to version 1.30, effective from January 1, 2025. The update aims to enhance transparency, efficiency, and compliance in financial reporting. The Norwegian tax authority has provided a grace period for businesses to adapt to the new format, which can be used before the deadline. The older version, 1.20, will coexist for preceding fiscal years to ensure a smooth transition. Version 1.30 introduces enhancements such as streamlined data elements, enhanced schema, visualization tools, and schematic views to improve the integrity and granularity of financial data.

Source RTCsuite

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