After a year of intensive preparation for SAF-T reporting, companies – large taxpayers – have reached a stage where the complexity is no longer related to the identification of data in the systems or the implementation of appropriate settings, but to ensuring a functional work routine and obtaining the necessary comfort so that the SAF-T declaration The T filed each month was correct and complete as required by law.
How can a company ensure that a SAF-T XML declaration that contains a large or very large amount of data is correct and complete?
In addition to checking with DUK (i.e. a validator provided by ANAF to verify that the structure and content of the XML conforms to the scheme implemented in Romania), the SAF-T declaration must also pass other quality checks.
First, companies must ensure that the data submitted through the SAF-T declaration matches the data from the ERP and/or other systems used to prepare the declaration. Therefore, a minimum reconciliation between the SAF-T declarations submitted to ANAF and the original data is recommended.
Read the rest of the article on the PwC Romania blog
The article was signed by Anka Macovey, Director of Tax Technology, and Isabela Stoicescu, Senior Manager
Article supported by PwC Romania
Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.