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Poland issues SAF-T VAT

  • VAT
  • 02 February 2016 | Richard Asquith

Poland issues SAF-T VAT

The Polish Ministry of Finance has issued detailed guidance on the Standard Audit File for Tax (SAF-T) requirements for VAT reporting from July 2016.

SAF-T is a harmonized format for electronic reporting to tax authorities. It was developed my the 34 member states of the Organisation for Economic Co-Operation and Development (OECD). Poland is the latest European country to adopt the regime, which enables the tax authorities to take electronic downloads of company transactions for analytical review.

The Polish guidance covers the XSD formats for;

  • Accounting transactions;
  • Bank transactions;
  • Profit & loss transactions; and
  • VAT purchases and sales – including details of intra-community supplies.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.