Introduced on 1 October 2020, the new VAT SAF-T file replaced the previous VAT-7 return and VAT records submitted by taxpayers in the SAF-T format. Consequently, the scope of data under the reporting obligation got significantly extended. Moreover, the new regulations provide for penalties for any reporting irregularities. Below we present the key information on the new SAF-T and examples of services provided by KPMG to support implementation of the new reporting structure.
The new SAF-T file covers:
Importantly, in the event of any error in the SAF structure preventing the authority from verifying the correctness of the transaction, a fine of PLN 500 may be imposed for each error, unless the taxpayer corrects the submitted SAF within 14 days.
How we can help
KPMG is ready to support you in analysing the correct implementation of JPM_V7M and JPK_V7K and in adjusting the applicable procedures to the new SAF-T requirements.
We offer comprehensive assistance, covering both substantive (ensuring compliance of the new SAF-T with the existing tax law requirements) and IT support.
Services provided by KPMG are grouped in three areas presented below. The scope and type of services may be tailored to your current needs.
KPMG may organize workshops dedicated to identifying the new scope of information covered by the reporting obligation.
As part of the service, KPMG experts will assess the transactions carried out by the Company to identify items subject to the new reporting duties (considering the relevant GTU codes, indication of the type of transactions and types of documents). The analysis takes place based on sample documents and information provided by the Company.
The workshops can be delivered in person or online. Following the analysis, KPMG will elaborate guidelines (a summary report) identifying data that should be prepared and included by the Company in the new SAF-T file.
KPMG may provide you with comprehensive technical and advisory support. Depending on your needs, it may include:
If you are not interested in permanent implementation of an external IT solution or making changes to the accounting systems in place, KPMG may offer you a one-off service consisting in generating the SAF-T file via KPMG’s proprietary IT solution (JPK TOOL).
Moreover, depending on your current needs, KPMG may verify (validate) the first SAF-T file generated for your organization or provide a recurring service consisting in validation of the generated files.
SAF-T on demand
It becomes a common practice for tax authorities to demand from taxpayers, on various stages of audits or tax proceedings, to provide ‘SAF-T files on demand’, covering SAF-T structures other than those encompassed by VAT SAF-T in monthly reporting, i.e.:
Also in this regard KPMG may provide you with extensive support, from substantive analysis, through data mapping, to the implementation of an IT solution for generating the required reports.