Standard Audit File for Tax Purposes for Norway first version was ready in March 2016. It was limited to account specification (general ledger), and supplier and customer specification (subsidiary ledger).
Required fixed data was also included. The new 2020 version of the SAF-T Financial will consist of source documents such as detailed invoice data and movements of goods and asset transactions.
Furthermore, other data elements will be added to support SAF-T Financial as a format for migration of data between different accounting software. The requirement will apply to any enterprise with bookkeeping obligations who use electronic accounting systems and mandatory and in force per 1 January 2020.
'SAF-T on request’ means that tax files have to be submitted only when a tax audit is announced. The assessment period can be a month, quarter, year, or even longer, and solution should be able to submit large data sets.
What we offer
We have developed in its SAP environment an SAP add-on for these SAF-T Norway requirements. Our clients become the owner of the source code, and that means that no licensing model applies. Only a one time fee is due. The configuration to get the solution up and running and 12-months free maintenance support after go-live is included in that one-time fee.
Outsourcing to us of maintenance after 12 months free support is optional and will cost annually around 20% of that one-time fee.
Our solution meets the latest published tax requirements, and we have a robust process that monitors any new legal changes. We have tested the add-on thoroughly in our SAP environment to ensure that the number of transports needed to get it operational is limited.
Our test environment contains sufficient data that mirrors a standard multinational company. Besides that, we tested the output successfully via the portal of the Norwegian tax authorities. We will provide immediately the transport and documentation at the moment you have purchased our solution.
If you have operations in Norway and are interested to learn more, let us know. We can provide you with explanatory PowerPoint, and you can schedule a demo. During a video conference, we will demonstrate how the add-on works in our SAP environment. We can also show you during the video conference already our documentation from a user and implementation perspective.
What is an SAP add-on?
An SAP add-on enhances standard SAP itself.
Add-on components are extra functionalities that do not come with the main SAP product. Different organizations have different requirements. SAP has recognized that and facilitated that additional functionality can be added and that such functionality as a component can be integrated with Standard SAP.
An add-on is permitted by SAP – the code 'ABAP' is written and transported where SAP allows it. That means these add-on components sit above the core and access the same dictionary objects or repository objects and perform the required functionality. It contains custom authorization objects according to SAP standards.
SAP add-on solutions are, therefore, without an external interface or external software and can be implemented with minor or no SAP impact in any other area. An SAP add-on does not change the programming code of SAP. As a result, SAP upgrades do not lead to any problems, and maintenance is straightforward. Additional functionality is added to Standard SAP.
SAF-T introductions and new country rollouts
KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and does not change existing customer SAP functionality or processes. It is fully configurable with custom namespace /KGT.
KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
KGT provides also S/4 HANA transformation support.