Standardized reporting, SAF-T (Standard Audit File – Tax), is an integral component of financial reporting in the contemporary world, facilitating companies in streamlining the process of submitting accounting information to governmental bodies or auditors. SAF-T, an electronic standard presented in XML format for the exchange of accounting data, aids in simplifying the submission of accounting information to governmental authorities or auditors.
Starting from January 1, 2025, it is mandatory for large taxpayers to submit standard tax audit files in the electronic SАF-T format, and as of January 1, 2027, mandatory submission of SАF-T reports will apply to all VAT payers (according to Draft Law No. 6255 dated November 2, 2021). Additionally, this draft law stipulates penalties for non-compliance with the electronic SAF-T UA file submission.
Rassell Bedford RCG comprises a team of experts with extensive experience, offering audit and advisory services, including multi-disciplinary solutions tailored for various regions to mitigate the risks associated with conducting business across different countries. We provide professional assistance to our clients in preparing and submitting SAF-T files, leveraging our collaboration with technical partners’ expertise to ensure the delivery of high-quality services.
Rassell Bedford RCG offers premier support in aligning with the new regulatory requirements, ensuring seamless and efficient management of your financial reporting.