- SAF-T is a crucial digital compliance tool for international businesses.
- It standardizes how tax authorities request and review financial data.
- SAF-T is an XML-based format covering general ledger entries, transactions, VAT data, invoices, payments, fixed assets, and inventory.
- Each country customizes SAF-T rules, affecting deadlines, submission methods, and penalties.
- Portugal requires monthly and annual SAF-T submissions with strict deadlines and penalties.
- Poland uses JPK files for monthly submissions, with new formats for corporate tax starting in 2025.
- Romania implements SAF-T based on taxpayer size, with penalties for late filing.
Source: vatit.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
