1. Country-Specific Features
  2. Denmark Help Topics
  3. Denmark-specific SuiteApps
  4. Denmark Tax Reports
  5. Denmark Tax Reports Overview

Denmark Tax Reports Overview

Denmark Tax Report SuiteApp lets you generate the Denmark Standard Audit File for Tax (SAF-T) report.

SAF-T (Standard Audit File for Tax) is an international standard format for exchanging electronic accounting data, developed by the OECD (Organisation for Economic Co-operation and Development). It's designed to facilitate efficient tax audits and ensure compliance with local tax regulations.

Starting January 1, 2025, all businesses operating in Denmark that maintain electronic records must submit the SAF-T report upon request from the Danish Tax Agency (Skattestyrelsen).

Denmark's SAF-T follows the OECD SAF-T version 2.0 standard.

Supported Features

The following features are supported in Denmark Tax Report SuiteApp:

  • Denmark Standard Audit File for Tax (SAF-T) report is supported in accounts both with and without SuiteTax.

  • Multi-Book

  • Multi-Currency

  • All posting transaction types

  • Data Entry (only data entered in accounts of the standard chart of accounts ranges are supported)

Denmark Tax Reports is only supported in English.

Known Limitations

Denmark Tax Report SuiteApp has the following limitations:

  • Multi-Calendar feature isn't supported.

  • Period end journal (PEJ) feature isn't supported. In case a fiscal year before the report period is closed through PEJ feature, the balances returned by the General Ledger Accounts Balances will be incorrect.

  • Adjustment-Only Books feature isn't supported.

  • All the fields marked as Optional aren't included in the generated report in the current version of the Denmark Tax Reports.

  • If a fiscal year before the report period isn't correctly closed (for example, a P&L account amount isn't balanced with the Retained Earnings account), the General Ledger Accounts Balances will show incorrect balances. This could result in discrepancies between the General Ledger Accounts Balances source and the NetSuite Trial Balance report, as the latter shows expected balances assuming all prior fiscal years were correctly closed.

  • System-created Journal Entries with multiple lines in the Memo field are not supported by Denmark SAF-T. Such entries will cause the SAF-T report to fail

General Notices