The Ukrainian Ministry of Finance introduced an optional Standard Audit File for Tax (SAF-T) system on January 1, 2023.
When will SAF-T in Ukraine become mandatory?
According to the Ukrainian tax authority’s timeline for SAF-T (Standard Audit File for Tax), large taxpayers will need to comply starting January 1st, 2025. For all other taxpayers, the requirement becomes mandatory on January 1st, 2027.
Who is obligated to submit Ukraine SAF-T?
Initially, only large taxpayers, defined as entities with an income exceeding 500 million hryvnias (around €11 million) over the past four consecutive quarters. These will be required to submit SAF-T starting in 2025. By 2027, this will be extended to all taxpayers will also be obligated to comply.
What are the benefits of the Ukraine SAF-T?
SAF-T enhances transparency and efficiency by providing the tax authority with detailed financial and transactional data. This includes accounting methods, business transactions, and source documents. The structured format of SAF-T allows for streamlined reporting, reducing the likelihood of errors and facilitating easier audits.
How to generate and submit Ukraine SAF-T?
Large taxpayers must be prepared to submit SAF-T files upon request by the Ukrainian tax authority. When requested, the SAF-T file must be submitted within two business days. The file includes comprehensive financial information such as accounting policies, detailed business transaction data, and tax information.
How can SNI help you?
SNI solution has its customization tables including the information required by the Ukrainian Tax Authority. By mapping these customization tables, the solution allows you to process and create e-invoices in the desired XML format and gather them in the user-friendly cockpit. The SNI add-on solution helps you to stay compliant with the SAF-T regulations in Ukraine.
