Recent Blogs About SAF-T Compliance

We interpret the news and the latest trends, and share our analysis and case studies. Feel free to contact us if you have any questions.

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Header - Update The Bookkeeping act SAF-T Denmark

24/05/2024 | 7 min read

Unlocking the requirements of the new Bookkeeping Act, Denmark

A few months back, our tax compliance experts reported that the Danish Bookkeeping Act is all set to come into force in 2024, which aims at strengthening tax compliance, enhancing financial reporting transparency to fight against tax frauds, and so on in Denmark. Cut to April 2024, the Bookkeeping Act…

06/05/2024 | 2 min read

New version of SAF-T Financial in Norway

The Norwegian Tax Administration, Skatteetaten, has recently published a new version 1.30 of SAF-T Financial. This article analyses what’s new on the new version.

14/12/2023 | 2 min read

SAF-T Poland accounting file (JPK_KR) to become mandatory for Corporate Income Tax (CIT) settlements

Author: Patchanok Kluabkaew, SAP Finance Lead Important Update for Businesses in Poland! A draft regulation by the Minister of Finance is set to elevate the SAF-T Poland accounting file (JPK_KR) from optional to mandatory for Corporate Income Tax (CIT) settlements. This regulatory change under the Corporate Income Tax Act aims…

06/11/2023 | 23 min read

The complete guide to e-invoicing & e-reporting with SAP DRC

Table of contentsIntroductionWhat is e-invoicing?What is e-reporting?Merging the pros of e-invoicing and e-reportingDrivers of e-invoicing in EuropeHow is e-invoicing deployed across the world?The different formats for e-invoicing and e-reportingWhat are the different channels for e-invoicing?What are the different models for Continuous Transactions Control (CTC)?Key benefits of e-invoicing and e-reporting1. Increased…

29/08/2023 | 5 min read

How ‘low-code, no-code’ software development improves Tax and audit compliance

Author: Laura Parrí Royo, Marketing DirectorWith years of expertise, Laura heads the Marketing team at TJC Group. Her expertise in SAP Data Archiving, Legacy Decommissioning, and so on, coupled with marketing tactics has helped strategize our brand value beyond excellence. Table of contentsWhat exactly is ‘Low-code, no-code’?Is ‘Low-code, no-code’ a…

06/10/2022 | 4 min read

Get SAF-T ready – 6 tips to prep your tax and audit teams

The way businesses operate and interact with regulatory bodies and government is changing at a very rapid pace. One area that’s changing especially rapidly is tax and financial compliance – particularly when it comes to reporting processes. This article outlines the 6 key stages involved with SAF-T readiness, shared by…

05/04/2021 | 3 min read

3 ways to prepare for new SAF-T Norway rules

Auteur : Patchanok Kluabkaew We can expect a raft of new digital compliance processes to be introduced over the next few years, as regulators across Europe act swiftly to reduce the tax gap. Norway is the latest in a long line, with enhanced VAT return reporting based on SAF-T codes…

19/03/2021 | 6 min read

SAF-T Compliance: Covid’s Impact on Reporting Burden

In this article we’ll take a look at trends in the SAF-T requirements, real-time VAT reporting and e-invoicing obligations in every European country. We’ll also see how this complexity has made having a selection of cross functional, ‘T-shaped’ skills essential for compliance projects today.

14/09/2020 | 6 min read

How to generate the Fichier des Écritures Comptables (FEC) in a few words?

The Fichier des Écritures Comptables (FEC) is the FEC file to the French Tax Administration in the event of a tax audit. SAP provides the solution to generate a FEC file in the DART tool and recommends using DART version 2.7.If you are not familiar with DART or you do not have the resources to implement all prerequisites properly, the FEC 4.0 by TJC is an SAP Certified software that helps SAP customers overcome Audit and Tax challenges, not only for the FEC in France but also to meet other OECD countries’ requirements through a SAF-T (Standard Audit File for Tax) package.