EDICOM offers SAF-T services for companies in Norway
The Norwegian tax administration will implement a new system regarding the accounting systems of Norwegian corporate taxpayers which proposes the electronic bookkeeping of VAT ledgers. As of 1 January 2017, it is optional for companies either resident or with physical presence in Norway to be able to provide their accounting transactional data following the SAF-T schema. Those entities with less than 5 million NOK in turnover (ex. VAT) or less than 600 vouchers per year are excluded from this requirement.
The proposal is in process at the Ministry of Finance. When the regulation comes into force, the companies affected will have at least one year to implement the requirements. For now, the obligation has been postponed until January 2019. Until the Ministry of Finance has finalized the proposal, reporting on the SAF-T format will be optional.
The SAF-T standard
The SAF-T standard was defined by the OECD organization in order to export different types of accounting transaction data using the XML format. This format was created at a European level to guarantee safe electronic interchange of invoices, accounting documents or transport documents. The standard specifies which accounting data is to be exchanged and the structure of this data.
To comply with the new regulations, companies will have to make the necessary changes into their ERP. From now on, the affected businesses will be required to use a standard Norwegian account chart. Companies not using this chart will have to adapt their ERP systems to convert their current chart to the standard chart in XML format.
The way to upload these documents is via the Altinn portal, the Norwegian authorities’ solution for document reporting. For now, there is a limit of 2GB per file. Nevertheless, the Norwegian ministry is working on an alternative solution for those with large files exceeding 2 GB.
EDICOM provides SAF-T services in Norway and can help companies meet the requirements of the new obligation. Once the data is extracted from the ERP, our solution can create the standard SAF-T file and automate sending of the data to the online portal. The information is validated and the responses may also be integrated in the ERP and stored along with the original books sent the Tax Administration.
This new requirement will have a positive impact on businesses, such as an easier way of submitting accounting records to public authorities, simplification of tax compliance, automation of the processes and the possibility of integration with different systems.
Accreditation as a PEPPOL Access Point or authorized third party enables Edicom to link up with the PEPPOL platform, through which private companies and governments in the EU can exchange any kind of e-documents.
In addition, Edicom has a global Public Administrations HUB that ensures connectivity with any public body, transparent to the user and adapted to the legal and fiscal requirements of each country. Communications with any public body are automated through this HUB.