The SAF-T requirement in Norway started in January 2020 and a new SAF-T format must be used for the accounting period starting in January 2025. SAF-T (Standard Audit File-Tax) Financial format is a standardized method for exchanging accounting data, proposed by the OECD for tax authorities to receive information from taxpayers. It applies to businesses with a turnover above NOK 5,000,000 or more than 600 transactions per year. The content includes General ledger, Subsidiary ledger and Cash register data. A new version 1.30 of SAF-T will be mandatory from January 1, 2025, and is not fully backward compatible with previous versions.
Source Marosa
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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