Norway Implements SAF-T Version 1.30 as Mandatory from January 2025

• Version 1.30 aligns with EU standards, including EN 16931, improving interoperability with European tax frameworks and standardizing digital bookkeeping for Norwegian companies.
• Two-way communication with public sector entities is now required, allowing companies to exchange SAF-T files and receive digital feedback, ensuring seamless interactions and data consistency.
• File structure now explicitly defined with sections for Header, Masterfiles, and GeneralLedgerEntries, simplifying data preparation and ensuring compatibility across systems and reporting platforms.
• Mandatory compliance from January 2025, replacing version 1.20, except for reports related to periods prior to 2025, for which the earlier version is still permitted.
• SAF-T Financial focuses on complete accounting data, including general ledger, customer, supplier, and tax information, making audits more efficient and transparent for Norwegian tax authorities.
• SAF-T Cash Register format handles POS data, specifically capturing daily sales transactions for businesses with physical retail operations, ensuring full compliance with reporting obligations.
• Applies to businesses with electronic bookkeeping, including foreign entities with permanent establishments in Norway and those exceeding NOK 5 million turnover, promoting consistency in digital reporting.
• Exemptions apply to small businesses using manual accounting methods or with fewer than 600 vouchers per year, reducing administrative burdens for micro and manual systems.
• Submission deadlines flexible – SAF-T files are submitted upon tax authority request, either manually or through an API, giving businesses time to prepare compliant XML files.
• Compliance is essential to avoid penalties, requiring businesses to upgrade accounting systems, test SAF-T file generation, and ensure readiness for official submission in the correct XML structure.

Source: www.fiscal-requirements.com