The main challenges of SAF-T UA: for businesses – more than just a report.

A little more – and it will be perfect! But that’s not certain...

The tireless employees of the State Tax Service (STS) work like bees, improving the technical requirements for SAF-T UA: they are detailing field characteristics, adding recommendations on how to fill in specific information, changing the mandatory nature of filling certain fields, and so on. All this is for one goal – to make things clearer and more comfortable for their favorite taxpayers😀
However, not all taxpayers enthusiastically embrace these efforts, as it means additional time spent on monitoring changes and analysis. In turn, this leads to the need for updating developments for generating SAF-T UA, if such developments are done in-house.

What if we're next?...

At the moment, the STS is interested in closer communication with large taxpayers, so submitting SAF-T UA is relevant only for them. However, it is not ruled out that the circle of communication may expand in the future.

Everything’s burning, it's on fire

If a company wins the "lucky ticket" for a tax audit and receives a request from the STS to provide SAF-T UA, they have only 2 working days to prepare and submit the report.

Isn't that too much to ask?

A report in SAF-T UA format is a real puzzle. The vast amount of data in a detailed format can impress even the most experienced analyst.

The thorny path to unification

Validation of many fields in the report occurs through standardized auxiliary directories (such as methods of depreciation for fixed assets, methods for inventory write-offs) or official directories (units of measurement, currencies, etc.). Given the size of the report, it's hard to even think about the potential mismatches between the data formats in accounting systems and the formats required for the report.

Mission Impossible: Combining it all

"What do you do when different systems are used for specific business requirements, but there is only one report? How do you combine this data?"
"What if there is a section in SAF-T UA, but there’s no data for it in the system?"
"And how do I upload my data from Excel into the report?"
These and similar questions only fuel the fire and increase anxiety.

Trust, but verify

And finally – the question with a star: how can you be sure that all the carefully prepared data doesn't contain logical inconsistencies, that the "math" adds up, and that the correct format is used everywhere before submitting SAF-T UA to the tax authorities?

If you’ve recognized the reasons for your sleepless nights, we have some good sleeping pills for you 😊
Stay tuned for upcoming publications to learn more!