6 definitions to help you (and me) understand SAF-T better

27-07-16

Have you ever felt lost in translation during discussions where IT and business (audit) users are in the same meeting?

Or confused with a few SAP terms depending on which context?*

Improve your english vocabulary while fine-tuning your dSLR front/back focus

Here’s some simple definitions I compiled recently:
1. SAF-T OECD definition:

  • Set of standard fields recommended by the OECD to be submitted in an electronic format to the tax administration of the country or region where the company operates in.
  • XML file is the electronic format needed regardless of any system used by the company.
  • Detailed level of data is provided up to field level.
  • Country may adopt the OECD recommended schema and vary the fields they require from the company.
  • OECD Schema: https://www.oecd.org/tax/administration/45167181.pdf

2. SAF-T audit definition

  • A tax report format that contains a set of fields/columns/data headings that becomes a benchmark for tax administration in that country.
  • When required by the government, this template must be followed by companies for their tax report submissions to allow tax authorities to validate consistency and accuracy of filed tax accounts.

3. Field

  • Example: Company code, Fiscal year, etc.

4. Files

  • File format
  • Example: XML file, Text file, *.AIS file (for SAP systems)

5. Report audit term:

  • Output of a data extraction and analysis
  • Example: SAF-T XML file, SAF-T text file, FEC file

6. Report technical term:

  • Code written to get the output

I hope this helps, I will certainly bookmark this for my future reference.
If you require further questions, feel free to contact me (etan@tjc-group.com) and I can forward your question/s on to our software architect who will be happy to help.

Regards,
Emelda
*Maybe it’s just me (being in marketing).

*See the next post on 4 practical advice on how to better prepare for your SAF-T reports

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