The Norwegian tax authority first introduced SAF-T reporting in 2017 on a voluntary basis and made it compulsory from 1 January 2020.
At present, the Norwegian SAF-T must only be submitted on demand in connection with an audit. However, it is expected to be extended to areas such as corporation tax.
1 October 2016: The first version of the SAF-T Financial was published on the Norwegian tax authority website.
9 June 2017: The administrative body on Norwegian SAF-T standards met for the first time to manage standards to suit both public and private sectors. The body meets at least once a year.
1 January 2017: Voluntary adoption of SAF-T began.
1 January 2020: Norway introduced mandatory SAF-T reporting.
1 January 2022: Norway is to introduce SAF-T VAT reporting, including direct digital submission from accounting systems, to replace the current manual VAT filing from.
Although the OECD intended SAF-T to be an international standard, there are significant differences across countries in how SAF-T has been interpreted, structured and adopted.
As SAF-T requirements are part of Norway’s bookkeeping regulations, failure to comply can result in significant enforcement fines for late or incorrect VAT returns.
The rate that is applied in the fine is calculated based on the court fee. For issues with the VAT tax return, the rate is half a court fee per day: the maximum limit is 50 court fees, and the maximum fee NOK 59,95.
However, errors corrected before an audit will normally not lead to penalties in Norway.
Although SAF-T is said to benefit taxpayers by facilitating submissions of data in a pre-audit scenario, SAF-T compliance is difficult in practice.
Our experts continually monitor, interpret, and codify legal changes and requirements into our software, reducing the compliance burden on your tax and IT teams.
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