- Expansion of E-Invoicing Framework: Denmark is gradually enhancing its e-invoicing and digital accounting framework, requiring businesses using digital accounting systems to be capable of generating, importing, and exporting SAF-T (Standard Audit File for Tax) files, with a clear direction towards integrating company systems with government platforms.
- Introduction of SAF-T 2.0: The Danish Business Authority, in collaboration with the Danish Tax Agency, has initiated a consultation on SAF-T 2.0, which proposes expanding the current SAF-T 1.0 requirements to include full transaction-level accounting data along with relevant master data, aiming to standardize data exchange and enhance automation in accounting and reporting.
- Consultation Period and Future Developments: The consultation for SAF-T 2.0 will remain open until September 1, 2025, after which stakeholder feedback will be reviewed to finalize the standard. This initiative is part of Denmark’s broader efforts to improve e-invoicing regulations and streamline compliance processes for businesses.
Source Comarch
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Denmark Launches Consultation on SAF-T 2.0 for Enhanced Digital Accounting and Reporting Integration
- Denmark is updating its e-invoicing and digital accounting framework.
- Current mandate requires digital systems to support SAF-T generation, import, and export.
- Full transaction-level reporting is not yet mandatory.
- SAF-T 2.0 aims for deeper integration between company systems and government platforms.
- Danish Business Authority and Danish Tax Agency launched a consultation on SAF-T 2.0.
- SAF-T 2.0 will enable export of full transaction-level data in a standardized format.
- Update supports consistent data sharing with partners, customers, suppliers, and authorities.
- Future automation of accounting and reporting processes is anticipated.
- Consultation ends on September 1, 2025, with feedback review and final version to follow.
Source: snitechnology.net
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.
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