France introduced the Standard Audit File for Tax (SAF-T) on 1 January 2014.
France’s version of SAF-T, Fichier des écritures comptables (FEC), is aligned to the national chart of accounts, the Plan Comptable General. It is therefore at variance with the global OECD standard, see below. At present French SAF-T is only a required on-demand by the tax authorities, usually prior to a VAT audit by the French Tax authorities.
The required format is .txt.
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 French news
December 12, 2018
On 12 December, the European Commission published details of a new rule which would make large online marketplaces responsible for calculating, collecting and remitting VAT on certain B2C cross-border transactions below €150. Where goods are imported by an EU or non-EU merchant, and then sold via a marketplace in another EU country..
September 23, 2018
France has withdrawn the Saisonnier VAT reporting regime, which only required intermittent providers of taxable supplies to file VAT returns. Typically this was event...
May 1, 2018
Overview This release is a maintenance release of the VAT Reporting application for the month April. It includes changes to reports, modifications and bug....
- Czech Republic
- United Kingdom