Type: Legislation
As of the January 1, 2020, SAF-T reporting will be mandatory in Norway. This is the next step in reporting for businesses in Norway, following the voluntary counterpart of SAF-T that has been implemented in 2017. The mandatory requirement is only applicable for businesses with a revenue under NOK5 million which do not store their data electronically. For now, this development is limited to a version with a general ledger (including customer and supplier transactions). Future versions will include source documents and other data elements.
Effective date: January 1, 2020
