9 grudnia 2016

Small and medium-sized companies are preparing for SAF-T

Small and medium-sized enterprises will have to start filing VAT data in the SAF-T format as soon as 1 January 2017. The obligation will reach micro enterprises since the beginning of 2018.

The new legislation obligates the VAT-registered taxpayers to keep digital records of all data required to fill out tax returns and recapitulative statements. Taxpayers will be further obliged to transmit details of VAT records as a SAF-T without any additional request from the tax authorities. The data will have to be filed monthly by the 25th day of the next month.

Software updates were recommended since the beginning of 2016. Costs mainly depend on the existing agreements and working systems. There is no need to update all seven SAF-T structures, only VAT is obligatory for now.