What is Saf-T?

Jump to navigation Jump to search. SAF-T (Standard Audit File for Tax) is an international standard for electronic exchange of reliable accounting data from organizations to a national tax authority or external auditors. The standard is defined by the Organisation for Economic Co-operation and Development (OECD).

What is the Saf-T guidance in Portugal?

For example, in Portugal the SAF-T (PT) v1.04_01 standard – based on SAF-T v1.0 – includes some special elements and types relevant to the standard in Portugal. In May 2005, the OECD Committee on Fiscal Affairs (CFA) published the first version of the SAF-T guidance.

What’s new in the revised version of Saf-T?

The revised version (2.0) extended the standard to include information on Inventory and Fixed Assets. The opportunity was also taken to enhance the original SAF-T specification to take account of suggestions from OECD member countries and others. Schema is changed to XML Schema format and new information covering Inventory and Fixed Assets added.

What file format does Saf-T need to be in?

The file requirements are expressed using XML, but the OECD does not impose any particular file format, recommending that (para 6.28) “It is entirely a matter for revenue bodies to develop their policies for implementation of SAF-T, including its representation in XML.