According to new regulation Large Enterprises are obliged to submit mandatory VAT SAF-T file in legal XML format for the first time on 25 August 2016. It is a monthly obligation even if the VAT reporting period itself is quarterly.
SAP and VAT SAF-T
I refer for complete overview to 'SAF-T for Poland and SAP'.
Most companies download the standard SAP VAT return reports from SAP to Excel and have an Excel working paper for review and adjustments. The data in the SAP reports are retrieved from various SAP tables.
The SAF-T VAT file need to reconcile with the submitted VAT return (monthly or quarterly). If this file does not reconcile to the submitted VAT return the risk that the PL tax authorities will ask questions - explain the differences - is high.
Our SAF-T VAT solution for Poland
- First deadline to submit SAF-T file is August 25, 2016 (feasible)
- Our solution ensures the completeness of the required data
- Meets legal XML format
- A control report exists that the total VAT amounts and data in the SAF-T VAT file reconcile