The Standard Audit File for Tax (SAF-T) was originally developed by the Organisation for Economic Co-operation and Development (OECD) in 2005. Its aim was to produce a standardised format for electronic exchange of accounting data between businesses and tax authorities.
The standard was adopted in 2008 by Portugal and has since spread to other European countries with more on the horizon. There are many variations per country and some who haven’t adopted this standard file but instead have imposed varying standards on digital reporting. In this webinar we’ll explore frequently asked questions on this topic, including:
- Where are we now?
- How standard and harmonised is the SAF-T?
- How future proof is the SAF-T?