- SAF-T (Standard Audit File for Tax) in France refers to the “Fichier d’Ecritures Comptables” (FEC), which is a summary of taxpayers’ accounting records file. It’s used for VAT compliance and reporting purposes.
- The French SAF-T, aligned with the French Tax Code (CGI), involves transmitting reliable accounting data to tax authorities in a specified format like .txt or XML upon request.
- This file format aims to enhance tax compliance and facilitate audits. It’s used for efficient exchange of accounting data between organizations and tax authorities.
- While it’s required on-demand, it simplifies VAT reporting and auditing processes, ensuring transparency and accuracy in financial data.
- It was first introduced in France on 1 January 2014.
- The FEC is required to be sent to the tax authorities on demand, usually before a VAT audit takes place.
Sources
- All you need to know about SAF-T in France
- France Standard Audit File for Tax (SAF-T)
- All you need to know about E-Invoicing & E-Reporting in France
- What is SAF-T FEC? (SNI)
