Norway Tax Reports SuiteApp
The following topics describe the features included in or related to the Norway Tax Reports SuiteApp:
Norway Standard Audit File for Tax (SAF-T) Financial:
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Tax Codes Mapping to Norway Standard Tax Codes
Mapping Tax Codes to the Norway Standard Tax Codes Category Using CSV Import
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Generating the Norway Standard Audit File for Tax (SAF-T) Financial
Norway VAT Return:
This SuiteApp enables you to generate the following reports:
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Norway Standard Audit File for Tax (SAF-T) Financial
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Norway VAT Return
Submitting Norway Standard Audit File for Tax (SAF-T) Financial report is mandatory upon request in connection with an audit. This applies to all companies with a turnover exceeding 5,000,000 Norwegian Krone (starting January 1, 2020).
Retrospective reporting starting year 2018 is not supported and not required by the Norwegian tax authority.
Submitting Norway VAT Return report is mandatory for periods starting January 1, 2022 for VAT submissions to all customers.
Norway Standard Audit File for Tax (SAF-T) Financial
The Norway SAF-T is a standard file format for exporting various types of accounting transactional data in XML format. The report structure is based on the SAF-T standard format by the Organization for Economic Cooperation and Development (OECD).
The first version of the Norway SAF-T financial report is comprised of three main sections:
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Header – Shows general information about the company and audit file
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Master Files – Shows information about general ledger account, suppliers, customers, and tax table
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General Ledger Entries – Shows accounting transactions
The Norwegian tax administration, Skatteetaten, lists the primary purposes of the Norway SAF-T Financial data to serve as the following:
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An export format for accounting data after request from the Norwegian Tax Administration, public accountants and other parties.
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An archiving format for the necessary accounting data for those who are obliged to keep accounts as stated in the Norwegian bookkeeping legislation.
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Format for moving data when changing accounting software.
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Format for moving data from accounting software to other financial systems such as year-end closing systems, tax computation systems, business intelligence software, advisory systems, etc.
Required Setup
To successfully generate the Norway Standard Audit File for Tax (SAF-T) Financial report, do the following:
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Enable all required features, install all required SuiteApps, and make sure that all mandatory fields are available. For more information, see Setting Up the Norway SAF-T.
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Map your Chart of Accounts. The mapping must be based on the standard account mapping or on the income statement mapping. For more information about account mapping, see Chart of Accounts Mapping to Norway Standard Accounts.
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Map the subsidiary’s tax codes to their corresponding Norwegian SAF-T standard VAT codes. For more information, see Tax Codes Mapping to Norway Standard Tax Codes.
After all this is done, you can start generating the reports. To learn more, see Generating the Norway Standard Audit File for Tax (SAF-T) Financial.
Known Limitations
This version of the Norway Tax Reports SuiteApp supports the Multi-Book Accounting feature for the Norway SAF-T report only. For more information, see Adjustment-Only Books Overview).