SAF-T has become mandatory in several countries in Europe. Consequently, all businesses that keep books are required to report in the SAF-T format to the tax authorities. Axdata has completed the development of an Add-On solution through a simple and efficient setup that covers the statutory requirements that are set. An update subscription automatically updates to the latest version, ensuring that the company delivers reports with accounting data in accordance with future SAF-T requirements.
To ensure that the company easily delivers accounting data in the correct SAF-T format, we have developed Axdata SAF-T Add-On for Microsoft’s ERP solutions. In addition we have developed a solution that sends files containing the legally required information at all times. The solution can easily be adjusted to meet local government requirements across Europe.
With Axdata SAF-T Add-On, you quickly get a fully developed SAF-T solution that:
- has simple and efficient setup
- provides the opportunity for updates that ensure that the company meets all future statutory requirements for SAF-T
- is an independent solution that is built without any effects on the Microsoft solution
- updated earlier and contains more features than Microsoft’s solution
- is implemented and updated online
- validates XML reporting and performs automatic file size checks
Flexible & efficient
Reducing the cost
Meet compliance responsibilities
SAF-T (Standard Audit File – Tax) is a standard format for exchanging accounting data. It was developed jointly by industry organizations, system suppliers and the Tax Administration, following a recommendation from the OECD. The standard format specifies which accounting data is to be exchanged and the structure of the data. SAF-T is now mandatory throughout Europe, with Norway being one of the countries at the forefront of its introduction.
The introduction of the format will make it easier to analyze data and submit accounting material to public authorities. The standard format will also make it easier to perform internal controls in the company and share data with others. In addition, it makes it easier to store accounting information.
The introduction of the format will make it easier to analyze data and submit accounting material to public authorities. The standard format will also make it easier to perform internal controls in the company and share data with others. It will further make it easier to store accounting information.