Lithuania SAF-T

Standard Audit File for Tax

Lithuania rolled out its version of the OECD’s Standard Audit File for Tax (SAF-T) in 2017, and completed it’s current version, in 2019. It was phased in from 2018. Read about Lithuania’s i-MAS digital reporting regime which imposes a range of transactional obligations on businesses.

It is an on-demand requirement only, generally requested prior to a VAT audit. There is a reporting threshold of €300,000 per annum. This applied to both resident and non-resident businesses.

In Lithuania, SAF-T is an XML requirement structured over four groups:

1. Header corporate data
2. Master data: GL; customer master data; fixed asse
3. General Ledger posting
4. Support information on VAT transactions, including: sales and purchases; inventories; stock movements; and cash payments

In addition to SAF-T, Lithuania also requires a monthly sales and purchase invoice listing, i-SAF. Check which countries have implemented SAF-T.

OECD Standard Audit File for Tax (SAF-T)

The OECD launched v1 of SAF-T as a standard for tax authorities and taxpayers to efficient exchange information. It is XML-based. Over 10 European countries have already adopted it. After Hungary, it is expected Romania will be next. Since May 2005, SAF-T is recommended in the following five formats (per v2, 2010):

1. General Ledger: journals;
2. Accounts Receivable: customer master files; invoices; payments;
3. Accounts Payable: supplier master file; invoices; payments;
4. Fixed Assets: asset master files; depreciation and revaluation; and
5. Inventory: product master files; movements.

If you need to complete SAF-T or returns, our VAT Filer can accurately populate any country submission with verified VAT or GST data from our VAT Calculator or VAT Auditor services

Standard Audit File for Tax SAF-T countries