Austria introduced the Standard Audit File for Tax (SAF-T) on 31 January 2009.
At present Austrian SAF-T is only required on-demand by the tax authorities, usually prior to a VAT audit by the Austrian Bundesministerium für Finanzen.
The required file structure for Austrian SAF-T
- Enterprise master data:
- Chart of Accounts
- Customer and supplier master data
- Product master data
- General Ledger and accounting journals
- Inventory movement data
- Invoiced: sales; purchases
- Fixed asset statement
SAF-T is an electronic schema developed for the efficient exchange of information between the tax authorities and businesses. It was created by the Organization for Economic Cooperation and Development in 2005 as a standard to be used globally to ensure consistency from country-to-country to facilitate exchange of data between tax authorities. The file requirements are expressed using XML, although the EU does not specify the exact file format.
There are generally five reporting requirements:
- 1.General ledger and supporting journals
- 2. Accounts payable, including supplier master data and invoices
- 3. Accounts Receivable, with customer master data and invoices
- 4. Warehouse inventories, and master data
- 5. Fixed assets ledger, including amortisation
Latest Austrian news
June 1, 2018
Overview This release is a maintenance release of the VAT Reporting application for the month of May. It includes changes in reporting documents, SII...
April 5, 2018
European countries are increasingly demanding detailed electronic VAT transactional reporting from businesses to help them efficiently track tax due and reduce significant tax evasion....
April 5, 2018
Overview This release is a maintenance release of the VAT Reporting application for the month March. It includes changes to reports, modifications and bug....
- Czech Republic
- United Kingdom