All Blog Articles
resources-post-top-bg Norway: Mandatory SAF-T Reporting

Norway: Mandatory SAF-T Reporting

22nd May 2019: The Norwegian tax authorities have confirmed plans for the SAF-T launch from the start of 2020.

In 2017, Norway announced to delay the 2018 roll out of its mandatory Standard Audit File for Tax (SAF-T). The Norwegian tax authorities have recently issued information confirming plans for its launch from the start of 2020.

From the 1st January 2020, all companies that keep electronic accounts in Norway will be required to use the SAF-T to report their tax transactional data to the tax authorities. As a result, non-residents will also be impacted.

Norwegian companies have had the option to use a simplified SAF-T since 2017.

Get our monthly VAT guide to ensure you never miss another VAT update!

What is SAF-T Reporting?

SAF-T is a standardised XML format providing for the electronic transmission of companies’ accounting data to international tax authorities. It eases the compliance burden for businesses as well as allowing tax authorities to accomplish speedier processing through automation.

Exemptions from Norway SAF-T Reporting

Only companies with an annual turnover of less than NOK 5 million, that do not store their bookkeeping information electronically, will be exempt from this obligation.  Word processing and spread spreadsheet programs are not classified as electronic accounting systems.

Other countries who have introduced SAF-T Reporting

To date, EU countries that have adopted it include Portugal, Austria, France, Lithuania, Luxembourg and Poland.

If you have any questions regarding SAF-T reporting or any other VAT requirements in the Nordic Region, please feel free to contact our Taxback International team.

See more Taxback International Articles

What are your VAT deadlines?

12th December 2019: We've listed the 3 major deadlines you need to know to reclaim VAT on your business travel.

Expected VAT rate changes in 2020

12th December 2019: Czech Republic, Hungary, Ireland and Poland are amongst the countries to be impacted by VAT rates changes in 2020.

Switzerland: Mandatory VAT return e-filing in 2020

27th November 2019: Switzerland is one of the last countries to allow paper filing but the electronic submission of the Swiss VAT return will become obligatory from 1/1/2020.