In accordance with these requirements, the SAF-T (NO) ER format is implemented to automatically split the resulting report in XML format, based on the following assumptions: The requirements set out in the Regulation imply that it is not sufficient to report the customer/supplier`s specification(s) as aggregated `lump sums`, e.g. a general ledger accounting system. The obligation to retain accounting information is facilitated by the fact that SAF-T files meet the requirements for storing this type of accounting information, provided that the SAF-T file can prepare all mandatory financial reports. As explained in the documentation, Norwegian SAF-T financial data should link the VAT codes used in finance to the Norwegian standard VAT codes () for the purposes of the SAF-T return. Standard Norwegian VAT codes are available on github.com/Skatteetaten/saf-t. It is difficult to extract data from ERP, map it to the correct SAF-T format, and ensure that it meets the requirements of tax authorities without the need for additional checks. Sovos software does this by extracting the data, performing a full analysis, and generating the SAF-T file ready for submission. For insurance companies and financial companies, there are certain exceptions in the Accounting Regulation with regard to the detail requirements for customer and supplier specifications. The exemptions also apply if these companies are required to prepare and submit a SAF-T report. Upon request, the tax authorities stated that it was sufficient for these companies to transfer transaction data from financial software systems with regard to customer and supplier specifications with lump sums.
Our experience in supporting SAF-T compliance and conversion shows that it is precisely these detail-level requirements that pose challenges for businesses. For companies with accounting documentation in multiple systems, this can lead to difficulties regarding: Select the check boxes for the Customers, Vendors, and Finance dimensions to include all records in the linked tables in the report. ___.xml Documentation of Norwegian SAF-T financial data requires the following naming structure for generated XML reports: The maximum size of the resulting XML report is 2,000,000 KB (that is, 2 GB). Over the next few years, we expect that the scope of reporting will be expanded so that, for example, asset records and invoice information will be included in reports. An array of crawl code IDs. Allows you to further specify transaction data. For example, cost object, cost center, project, department, vendor, journal type, employee, etc. The log type (bilagsart) should always be used for all transactions. SAF-T– midlertidig endring i lav sats for merverdiavgift som følge av koronapandemien. These codes were developed when SAF-T accounting was introduced on January 1, 2020. The introduction of the standard format will make it easier for accountants to provide accounting documents to authorities upon request. Using the One Voucher feature will limit additional SAF-T reporting for certain scenarios submitted to SAF-T.
In particular, a bank statement scenario with different vouchers should be recorded for transactions with different counteragent accounts. For more information about using the One voucher and SAF-T feature, see the SAF-T report and the One voucher section later in this article. Use the following procedure to link the sales tax codes used in Finance to standard Norwegian VAT codes. The data of the general ledger of the accounting books as well as the final SAF-T-XML files of the accounting and tax documents are stored in our eIDAS long-term electronic archiving system for the period prescribed by law or at the request of the customer. SAF-T Financial is a standard format used when exchanging accounting data. SAF-T, or Standard Audit File-Tax, is the result of joint development cooperation between companies, the accounting sector and the Norwegian tax administration, based on an OECD recommendation. Our solution integrates with your ERP or accounting system to capture the data needed by skaters. The SNI solution periodically extracts accounting and VAT data from your SAP modules. It will issue a SAF-T electronic document in your SAP. This will keep you compliant in the event of an audit and make your digital tax filing process much easier with our add-on.
From January 2020, all Norwegian companies will be required by the Norwegian tax administration to provide SAF-T financial data. This requirement corresponds to version 1.4 of the documentation, released on July 8, 2019, and version 1.3 of the technical documentation, released on March 23, 2018 as an XML report. The publication of this documentation coincided with version 1.1 of the XML Schema Definition (XSD) “Norwegian SAF-T Financial Data”, which was developed by the SAF-T Skatteetaten Working Group and is based on the “OECD Standard Audit File – Tax 2.00”, as amended on 2 February 2018. To run the SAF-T (NO) format ER configuration, you must clear the Use Common Menu Item check box. Select the Use common menu item only check box if you want to use an ER configuration that can be run directly in the Electronic Reports workspace and does not require data preprocessing on the Finance application side. Company chart of accounts and its equivalent to a standard chart of accounts On the External Codes page, specify the standard Norwegian sales tax codes to use for the sales tax code record selected for SAF-T reporting purposes. On the External Codes page, in the Overview section, in the Code box, select the identifier for the external code definition, and then in the Value box, in the Value section, type a default tax code that matches the selected sales tax code. From January 2020, Norwegian companies must be able to generate the SAF-T electronic file to report their accounting information. This document is requested on request by the Norwegian tax administration “Skatteetaten”. The digital VAT return is a continuous report on sales, upstream and outbound sales. Taxable persons are not required to submit a complete SAF-T file for each VAT period.
However, the continuous VAT return will be based on the standard SAF-T VAT codes and will include the aggregate sales amounts recorded in each of these codes. It is therefore important to reconcile the VAT return and the SAF-T financial data before submitting the report. For more information about SAF-T Financial and SAF-T Cash Register, see Documentation. You can also apply filters to the Master Accounts and General Journals fields by using records to include the Organizer in the report dialog box. Initially introduced on a voluntary basis in 2017, the Norwegian tax authority made SAF-T reporting mandatory in January 2020. If the Declare tax information in sales tax currency check box is selected, the item shows the following amounts in the currency of the tax code: Norwegian SAF-T is a standard file format for exporting different types of accounting transaction data to XML. Only if required by the tax authorities must the taxpayer apply to the Norwegian SAF-T. The main purpose of the SAF-T financial data format is to: Currently, the Norwegian SAF-T should only be submitted for an audit upon request.