CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. SAF-T Tax Reporting Mandatory In Norway From 2020

SAF-T Tax Reporting Mandatory In Norway From 2020

by Ulrika Lomas, Tax-News.com, Brussels

17 February 2018


The reporting of accounting information using the internationally accepted Standard Audit File for Tax (SAF-T) will become compulsory in Norway from January 2020.

SAF-T is a standard international format for the exchange of accounting data between taxpayers, tax authorities, and external auditors. In Norway, the standard was developed jointly by the business community, the accounting sector, and the Norwegian Tax Administration, based on a recommendation by the OECD. The standard specifies what accounting data is to be exchanged, and also the structure of the data.

The Norwegian Ministry of Finance recently amended the Bookkeeping Regulation so that businesses using electronic accounting systems with turnover in excess of NOK5m (USD642,000) will be required to disclose accounting information in the SAF-T format from January 2020.

Businesses with turnover of less than NOK5m that use electronic accounting systems will also be required to file using the SAF-T format.

TAGS: compliance | Finance | tax | business | value added tax (VAT) | accounting | audit | Norway | VAT compliance matters | Tax

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »