Richard Cornelisse

The next SAF-T wave

In Indirect Tax Strategic Plan on 29/01/2018 at 12:33 pm


The following countries might be in the next wave: Germany, UK, Ireland and the Czech Republic.

The Netherlands and Belgium are experimenting with another electronic format called “Transaction Network Analysis”, TNA is an overall European Commission initiative and 8 other countries have already joined.

Read more: Norway SAF-T delayed to 2020 and other SAF-T initiatives

Norway SAF-T delayed to 2020

In Indirect Tax Strategic Plan on 29/01/2018 at 11:39 am

Norway has announced to introduce an on-demand mandatory Standard Audit File for Tax (‘SAF-T’) requirement for taxpayers starting from 1 January 2020.

The introduction was scheduled for 2018. SAF-T is a voluntary format for providing the Norwegian tax authorities with details of tax transactions since 2017.

Although introduction has been delayed one of our clients had to provide the files already when an audit was announced in 2017. From a risk management and audit defense perspective it is therefore still important to be ready in time.

Read more: Norway SAF-T delayed to 2020

Hungarian SAP health check: data in SAP incorrect and incomplete!

In Indirect Tax Strategic Plan on 27/01/2018 at 10:33 am

From 1 July 2018, taxpayers are as stated earlier obliged to provide within 24 hours invoice data for domestic transactions with a minimum VAT amount of 100,000 HUF (322 EUR).

Although we offer a fully SAP-integrated solution in SAP itself to submit required data in an automated way, it is essential to review whether the data in SAP itself is correct and complete.

The Key Group has recently delivered its Hungarian SAP health check pilot for one of its major clients, and the outcome was that quite some changes in SAP had to be made to avoid either future questions by the tax authorities or announcement of a tax audit when data is submitted mid-2018.

Please keep in mind that the Hungarian tax authorities are aware that SAP setup itself is often not in order and that tools outside the ERP system are used to remediate and manipulate tax data outside of SAP with the purpose to improve tax reporting.

The full automated legal requirement is to force taxpayers to remediate the ERP VAT setup itself and realize that taxpayers do not use workarounds as Excel sheets or similar tools outside the ERP system as human intervention is not allowed.

When the definitive EU VAT system becomes in force – expected in 2021 – these data requests become even more critical.

The local tax authorities will use the acquired tax data to check whether sufficient tax revenue is received from the other Member State(s).

Based on this pilot we have designed an efficient and effective assessment process that will include not only an overview of gaps but as well our view how to remediate these gaps in SAP itself.

The Key Group offers an SAP health check specifically on the Hungarian legal requirements defined in XML format.

Download:  brochure

Read more: eInvoicing requirements in Hungary per July 1, 2018

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