- Introduction of SAF-T Requirements: Denmark implemented the Standard Audit File for Tax (SAF-T) reporting in July 2022, mandating businesses to digitally report tax and financial data to the tax authority, SKAT, in a standardized format to enhance transparency and compliance.
- Phased Implementation Timeline: The rollout of digital bookkeeping includes several key dates: mandatory digital accounting systems began on February 1, 2023, with full compliance required from various business types by July 2024, January 2025, and January 2026, depending on their structure and turnover.
- Submission Methods and Compliance: SAF-T files must be submitted through official channels like TastSelv Erhverv, with businesses required to authenticate their submissions using MitID or similar credentials. Companies are encouraged to prepare by updating their accounting systems, monitoring regulatory changes, and using validation services to ensure compliance.
Source RTCsuite
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