SAF-T reporting obligation in Norway

November 22, 20210

Type: Regulation

The Norwegian Ministry of Finance has amended the Bookkeeping Regulation so the requirement to provide accounting data for bookkeepers who have the bookkeeping available electronically must disclose accounting data in a given standard format. The new section 7-8 comes into force the first period with financial reporting starting January 1, 2020 or later. Businesses with less than NOK 5 million in turnover are exempt from this requirement. However, if these businesses do have bookkeeping information electronically available, the requirement will apply to them too. The enterprises with a bookkeeping obligation are only obliged to submit accounting information in the Standard Audit File for Tax (SAF-T) format when in relation to a potential control, and upon request by The Tax Administration. 

Effective date: January 1, 2020 

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