- The Danish Business Authority has launched SAF-T 2.0, an updated standard for structuring and sharing accounting data to improve transparency, automation, and consistency.
- Key features include transaction-level data standardization, easier data exchange with partners and authorities, and a foundation for automated reporting (e.g., VAT, statistics, financial statements, compliance).
- From January 1, 2027, registered digital accounting systems must support SAF-T 2.0; non-registered systems can continue with SAF-T 1.0 under current rules.
- SAF-T 2.0 aims to enable data-driven supervision, reduce administrative burdens, and enhance reporting consistency and transparency.
- Early adoption is encouraged to avoid compliance risks and leverage future automation benefits.
Source: fiscal-requirements.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.
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