The global indirect tax landscape is rapidly evolving to keep pace with the digital economy. This means that businesses are now having to adopt tax technologies to ensure robust processes and controls are in place from a tax compliance perspective. By utilising new technologies, it is now easier for tax authorities and taxpayers to collect, transfer, store and analyse large amounts of data. A number of countries have already advanced to the stage of "making tax digital" by introducing real-time transaction reporting for tax purposes.
In line with this trend, VAT audits by tax authorities are also shifting towards automation and data analytics. In order to do so, more and more countries are adopting the Standard Audit File for Tax Purposes ("SAF-T"), which is an international standard based on the OECD model file for the electronic exchange of tax data. In Luxembourg, the SAF-T equivalent is referred to as "FAIA".
From data collection to generation of the file, testing and data analytics, we can help you to face your SAF-T challenges.
Integrated web-based solution
Flexibility and efficiency
Comply with SAF-T requirements