SAF-T for Lithuania

Important

Some of the functionality described in this release plan has not been released. Delivery timelines may change and projected functionality may not be released (see Microsoft policy). Learn more: What's new and planned

Enabled for Public preview General availability
Users by admins, makers, or analysts Mar 5, 2021 Apr 2021

Business value

This feature helps you maintain compliance with tax requirements by letting you prepare and export the SAF-T report that’s required for the audit procedures by some tax authorities.

Feature details

The new SAF-T report will be delivered according to Lithuanian tax reporting requirements. The report is based on the international OECD standard of SAF-T schema with additional functionality that helps you meet country-specific requirements. The report extracts data from General Ledger, and all system subledgers and modules, in the required format. It also provides summary information for checking consistency in a single file. The report can be required by tax authorities on a random basis, and for random periods of reported transactions. In 2021, the report will be required from each company in Lithuania regardless of the size of the business.

See also

Standard Audit File for Tax (SAF-T) for Lithuania (docs)