We prepared an overview of the countries in Europe that have or will have SAF-T requirements implemented in their national VAT Law. The SAF-T requirements or set-up may differ, but in all cases the requirements oblige businesses to collect and produce data on their transactions and activities and actively share this (real-time) with the local tax authorities.
Main developments in 2021 & later:
- Romania will implement SAF-T per Jan 1, 2022
- The Norwegian VAT return will be based on SAF-T variant also per Jan 1, 2022
- Hungary finished a public consultation, expectation is that SAF-T will be introduced in the course of 2022
- Ukraine will gradually implement SAF-T as of 2023, with mandatory SAF-T reporting as of 2027
The overview can be find following the link below. This link also includes more details on the specific regulations in each of the countries.
Source 2021 08 Overview SAFT reporting
Check HERE for the country specific details
Check also the previous articles on ”Looking back @2021”
- Brexit
- E-Commerce VAT Directive launched in the EU per July 1, 2021
- Next to the EU, 14 countries implemented VAT on E-Commerce, another 7 will implement in 2022
- Saudi-Arabia is the first country in the Middle East launching E-Invoicing, UAE may follow
- The concept of Fixed Establishments remains a major risk, and even why?
- Intrastat: Major updates applicable as of Jan 1, 2022
- Implementation/changes E-Invoicing & Real Time Reporting during 2021
- ECJ cases decided in 2021 on ”Taxable Amount”
- 49 ECJ VAT Cases decided (incl. orders) in 2021
- Split Payments
- Poland and France to introduce optional taxation of Financial Services – Exemption may not longer be applied
- Activities of the VAT Expert Group
- ECJ cases decided in 2021 on ”Exemptions”
- Pre-Filled VAT returns
