S4FN SAP SAF-T Solution for Hungary

According to recently adopted legislation in Hungary, as of 1 July 2017, the invoicing software of Hungarian taxpayers will be required to have a direct data connection with the Hungarian tax authority in order to report sales invoice data in real-time. This liability will apply to Hungarian business to business (B2B) invoices in which at least HUF100,000 (approx. €320) value added tax (VAT) is charged.

The requirement will also apply to entities that are only VAT registered in Hungary as well as to those whose invoicing function is managed abroad. Failure to meet the new obligation may result in a penalty up to HUF500,000 (approx. €1,700) per invoice.



According to the latest proposals, taxpayers will need to upload their draft invoice data first, wait for approval from the Tax Authority servers and then issue the invoice with the received verification ID noted. This approach would require a significant revision of the invoicing processes as compared to the simpler alternative scenario of post facto reporting of issued invoice data.

posted under SAF-T

SAP Solution for SAF-T

  • Our add-on completely run inside SAP
  • Integrate with PI/BizTalk
  • Standart SAP Authorization
  • All Developments under a package
  • You can use our custom connector for outbound tasks.
  • Globally registered namespace /S4FN/
  • Own customization tables,
  • Own transaction codes and menus
  • Installation just required importing transport files


Implementations

  • SAF-T for Poland
  • SAF-T for France
  • SAF-T for Lithuania
  • SAF-T for Norway
  • SAF for Hungary

Download Presentation


Request Proposal and Quota

contact[at]s4fn.com

SAP Add-on Solution for Norway

SAF-T Financial is a standard format used in the exchange of accounting data. SAF-T, or Standard Audit File-Tax, is the result of a joint development collaboration between the business community, the accounting sector and the Norwegian Tax Administration, based on a recommendation by the OECD. 

 

The Ministry of Finance is considering a proposal that the requirement of providing accounting data in this format should apply to any party with bookkeeping obligations as of 1 January 2017.


 

 

However, it is expected that this will remain a voluntary arrangement up until 1 January 2018.

Businesses with less than NOK 5 million in turnover, or fewer than 600 documents a year, are exempt from this requirement. However, if these businesses do have bookkeeping information electronically available, the requirement will apply to them.

 

 


Simplification

The introduction of the standard format will make it easier for those obliged to keep accounts to submit accounting records to public authorities when requested to do so. It will also be easier to perform internal audits, and analyze and share data with others, such as external auditors.

In the long run, the standard will make it easier to keep accounting records.

 

Our Solution

S4FN SAP SAF-T add-on supports Norway SAF-T format. It is ready to use with simple customization steps.

 

Please contact for more info. Check product brief.

posted under SAF-T

SAP Solution for SAF-T

  • Our add-on completely run inside SAP
  • Integrate with PI/BizTalk
  • Standart SAP Authorization
  • All Developments under a package
  • You can use our custom connector for outbound tasks.
  • Globally registered namespace /S4FN/
  • Own customization tables,
  • Own transaction codes and menus
  • Installation just required importing transport files


Implementations

  • SAF-T for Poland
  • SAF-T for France
  • SAF-T for Lithuania
  • SAF-T for Norway
  • SAF for Hungary

Download Presentation


Request Proposal and Quota

contact[at]s4fn.com

SAP SAF-T Add-on for France

A new tax law has set up new requirements in case of tax audit from 2014 onwards. Recent information from the French tax administration gives details on this new required FEC file.
The extent of the requirements depends on the form of the French entity.

 

S4FN has developed add-on for SAP complies with the rules of FEC.

Please contact for the product.

posted under SAF-T

SAP Solution for SAF-T

  • Our add-on completely run inside SAP
  • Integrate with PI/BizTalk
  • Standart SAP Authorization
  • All Developments under a package
  • You can use our custom connector for outbound tasks.
  • Globally registered namespace /S4FN/
  • Own customization tables,
  • Own transaction codes and menus
  • Installation just required importing transport files


Implementations

  • SAF-T for Poland
  • SAF-T for France
  • SAF-T for Lithuania
  • SAF-T for Norway
  • SAF for Hungary

Download Presentation


Request Proposal and Quota

contact[at]s4fn.com

S4FN Custom SAP Solution for SAF-T

 

As OECD has published SAF-T recommended standard implementation for VAT many countries has published regulation for SAF-T. S4FN has developed a standard SAF-T solution along with the customizable solution for country based implementations.


S4FN SAF-T Solution runs on SAP ECC, compatible with regulations covers extraction of data and creation of XML structure. All transactions accessed via custom menu activated with S4FN SAF-T solution. Custom authorization objects according to SAP standards enable authorization management.

 

Major Features


Our add-on completely run inside SAP

Compatibility, integrate with PI/BizTalk
Standard SAP Authorization
All Developments under a package
You can use our custom connector for outbound tasks.
Globally registered namespace /S4FN/
Own customization tables,
Own transaction codes and menus
Installation just required importing transport files

Implementation 2-3 Weeks

 

posted under SAF-T

SAP Solution for SAF-T

  • Our add-on completely run inside SAP
  • Integrate with PI/BizTalk
  • Standart SAP Authorization
  • All Developments under a package
  • You can use our custom connector for outbound tasks.
  • Globally registered namespace /S4FN/
  • Own customization tables,
  • Own transaction codes and menus
  • Installation just required importing transport files


Implementations

  • SAF-T for Poland
  • SAF-T for France
  • SAF-T for Lithuania
  • SAF-T for Norway
  • SAF for Hungary

Download Presentation


Request Proposal and Quota

contact[at]s4fn.com

Lithuania SAF-T Compulsory Oct 2016

From 1 October 2016, Lithuania launches a new portal (i.MAS) for the compulsory submission of SAF-T reporting for VAT registered businesses.

 

Standard Audit Files for Tax (SAF-T) is a data protocol for the efficient transfer of taxable transaction data between taxpayers and the tax authorities. It was developed by the OECD and has now been rolled out in six EU states.

 

 

 

 

The new Lithuania portal will accept obligatorily.

SAF-T filings for:

1) Sales and Purchase Invoice Data; 2) Accounting Data. Invoice Data is compulsory from 1 October 2016. Accounting Data will only be required from January 2017.

 

There are five such ‘structures’ within the OECD’s original schema.

RULES FOR PROCESSING AND REPORTING OF DATA IN THE REGISTERS OF VALUE ADDED TAX INVOICES

 

1. The Rules for Processing and Reporting of Data in the Registers of Value Added Tax Invoices (hereinafter referred to as the “Rules”) shall set forth the requirements for keeping of registers of received and issued value added tax (hereinafter referred to as the “VAT”) invoices (hereinafter referred to as the “VAT invoices”) (hereinafter referred to as the “registers”), the procedure and time limits for provision thereof to the State Tax Inspectorate (hereinafter referred to as the “STI”).

2. The Rules have been drawn in accordance with Article 78(5) of the Republic of Lithuania Law on Value Added Tax (hereinafter referred to as the “VAT Law”), Article 422 of the Republic of Lithuania Law on Tax Administration (version of 19 November 2015 law No XII- 2038) (hereinafter referred to as the “LTA”) and other legal acts.

3. For the purposes of the present Rules, the following terms shall be used:
3.1. The “i.MAS”  mean the smart tax administration information system;
3.2. The “i.SAF”  mean i.MAS electronic invoicing subsystem for reporting of register data and provision of e-services;
3.3. The “tax period” shall mean the period for declaration of VAT by a VAT payer the data of registers of which is reported;

3.4. Other terms shall correspond to the terms defined in the VAT Law and other legal acts.
4. Registers shall be kept by taxable persons (irrespective of whether they are registered as VAT payers or not) receiving and/or issuing VAT invoices.
5. Date available in registers must be reported to the STI by taxable persons registered as

VAT payers in the Republic of Lithuania

 

 

Where taxable persons, i.e. VAT payers engaged in economic activities (subject to VAT and/or not subject to VAT) and non-economic activities (for example, state and municipality functions), they must report data of registers of all issued and received VAT invoices (for economic and non-economic activities) to the STI. In such case, the data in registers shall be reported as of the month of the calendar year in which the person was engaged in economic activities and shall be reported till the end of the calendar year irrespective of whether any activities were carried out during such periods or not.

 

posted under SAF-T

SAP Solution for SAF-T

  • Our add-on completely run inside SAP
  • Integrate with PI/BizTalk
  • Standart SAP Authorization
  • All Developments under a package
  • You can use our custom connector for outbound tasks.
  • Globally registered namespace /S4FN/
  • Own customization tables,
  • Own transaction codes and menus
  • Installation just required importing transport files


Implementations

  • SAF-T for Poland
  • SAF-T for France
  • SAF-T for Lithuania
  • SAF-T for Norway
  • SAF for Hungary

Download Presentation


Request Proposal and Quota

contact[at]s4fn.com

JPK Poland

What is JPK

The Single File Control (ang. Standard Audit File-Tax – SAF-T) is a collection of data that is created from the information systems business entity through direct export of data, including information on business operations for the period, having a standardized layout and format (XML schema) allows its easy processing.

Experience in other countries of the EU

The introduction of JPK in Poland was modeled on the experience of solutions successfully introduced into the legal systems of many EU countries (eg Austria, Belgium, Denmark, the Netherlands, Lithuania, Luxembourg, Germany, Slovenia, Sweden, Portugal, United Kingdom).

Logical structure JPK

 

Published a set of 7 structures covers the most

important tax books and accounting documents. These are:

Structure 1 – accounts – JPK_KR

Structure 2 – bank statement – JPK_WB

Structure 3 – magazine – JPK_MAG

Structure 4 – records of purchase and sale of VAT – JPK_VAT

Structure 5 – VAT invoices – JPK_FA

Structure 6 – Tax revenue and expense ledger – JPK_PKPIR

Structure 7 – record revenues – JPK_EWP

Transferring files JPK

 

The transmission of the electronic tax books and accounting documents at the request of tax authorities and fiscal control authorities is carried out by means of electronic communication or information carrier of data, taking into account the need to ensure the security, integrity, and non-repudiation of data contained in the books.


Entities are required to provide JPK files at the request of tax authorities and fiscal control authorities on the following dates:

and fiscal control authorities on the following dates:

from 1 July 2016. – Large entities
from 1 July 2018. – micro, small and medium-sized enterprises.
Monthly transfer of electronic records of purchase and sale (JPK_VAT) takes place by means of electronic communication, taking into account the need to ensure the security, integrity, and non-repudiation of data contained in the books.

The obligation to file monthly transfer JPK_VAT (records of purchase and sales tax) will apply from:

1 July 2016 – Large entities
1 January 2017 – Small and medium-sized entities
1 January 2018 – Micro-entrepreneurs.

Benefits for taxpayers

 

The primary objective of the Single File Control is to remove barriers to the transmission of electronic data. The effect of this will shorten the inspection time, reduce the burden and cost reduction. In many cases, the file transfer will take place only within the framework of the verification activities, after which the control of the taxpayer, in general, will not be necessary. Taxpayers will also benefit the new internal control mechanism that will monitor the work of accounting services. An additional effect of the introduced solution may be to use the structure of the statement of invoices as a tool for communication between taxpayers. It will be possible to transfer lists of invoices in XML format, which will be posting could be automated.

Benefits administration

 

The benefit for administration will automate the verification of tax data. The administration will gain a tool to quickly carry out the examination and inspection. Access to structured data allow for a quick determination of irregularities and speed up confirmation of the correctness of settlement. Quick fix irregularities will effectively prevent phenomena such as VAT fraud or tax evasion.

An additional benefit will be the ability to standardize testing procedures and controls, which should translate into effective management teams pursuing checks. Not without significance will also reduce the costs associated with the increasing use of documentation in electronic form.

posted under SAF-T

SAP Solution for SAF-T

  • Our add-on completely run inside SAP
  • Integrate with PI/BizTalk
  • Standart SAP Authorization
  • All Developments under a package
  • You can use our custom connector for outbound tasks.
  • Globally registered namespace /S4FN/
  • Own customization tables,
  • Own transaction codes and menus
  • Installation just required importing transport files


Implementations

  • SAF-T for Poland
  • SAF-T for France
  • SAF-T for Lithuania
  • SAF-T for Norway
  • SAF for Hungary

Download Presentation


Request Proposal and Quota

contact[at]s4fn.com

What is SAF-T?

 

SAF-T (Standard Audit File for Tax) is an international standard for electronic exchange of reliable accounting data from organizations to a national tax authority or external auditors. The standard is defined by the Organisation for Economic Co-operation and Development (OECD). The file requirements are expressed using XML, but the OECD does not impose any particular file format, recommending that “It is entirely a matter for revenue bodies to develop their policies for implementation of SAF-T, including its representation in XML. However, revenue bodies should consider data formats that permit audit automation today while minimizing potential costs to all stakeholders when moving to new global open standards for business and financial data such as XBRL, and XBRL- GL in particular.”

SAF-T Standard

 

 

The standard is now increasingly adopted within European countries as a means to file tax returns electronically.

The standard was adopted in 2008 by Portugal and has since spread to other European countries, e.g. Luxembourg, Austria, Germany, and France.


Although SAF-T is formally standardized, both with respect to syntax (format) and semantics (meaning) to allow for and fulfill automatic data interchange and tools support, e.g. across country borders or common computerized systems, it does include some room for revenue bodies (tax administrations) to add individual elements, e.g. to cover special needs in a taxation or audit system. For example, in Portugal, the SAF-T (PT) v1.03_01 standard – based on SAF-T v1.0 – includes some special elements and types relevant to the standard in Portugal.


OECD SAF-T

In May 2005 the OECD Committee on Fiscal Affairs (CFA) published the first version of the SAF-T guidance. Version 1.0 was based on entries as found in a General Ledger Chart of Accounts, together with master file data for customers and suppliers and details of invoices, orders, payments, and adjustments. The standard describes a set of messages for data exchange between accounting software and national tax authorities or auditors. The syntax is proprietary and based on XML. There are multiple localized versions available which are compatible with the general v1.0 standard. The scheme was originally defined in old DTD format – a precursor to today’s XML Schema.

The revised version (2.0) extended the standard to include information on Inventory and Fixed Assets. The opportunity was also taken to enhance the original SAF-T specification to take account of suggestions from OECD member countries and others. The schema is changed to XML Schema format and new information covering Inventory and Fixed Assets added. The schema is not fully backward compatible with v1.0.

posted under SAF-T

SAP Solution for SAF-T

  • Our add-on completely run inside SAP
  • Integrate with PI/BizTalk
  • Standart SAP Authorization
  • All Developments under a package
  • You can use our custom connector for outbound tasks.
  • Globally registered namespace /S4FN/
  • Own customization tables,
  • Own transaction codes and menus
  • Installation just required importing transport files


Implementations

  • SAF-T for Poland
  • SAF-T for France
  • SAF-T for Lithuania
  • SAF-T for Norway
  • SAF for Hungary

Download Presentation


Request Proposal and Quota

contact[at]s4fn.com