i.SAF, i.VAZ and SAF-T services
From autumn 2016 companies will be obliged to report invoice and transport document data to the Lithuanian Tax Authority. From 2017, SAF-T submission will be launched as well. We hold valuable experience needed for preparation to submit the files to the Tax Authority, we can help you to prepare and find the necessary solutions.
Why PwC?
- We have experience with implementation of i.SAF and i.VAZ files and SAF-T for clients operating in various industries.
- We have experience with data analysis and mapping in SAP, Oracle and many other IT systems.
- We have been working with the Lithuanian Tax Authority on SAF-T and other systems from 2014.
- We are cooperating with our colleagues in other PwC firms where similar requirements of the authorities have been in place from 2008. We have implemented their best practice.
- We can advise on benefits and shortages of various IT solutions for generating the files.
- We will connect you with our team specifically dedicated for these projects.
As from 1 October 2016, all VAT-registered taxable persons, including the foreign companies registered for VAT in Lithuania, will be required to submit their data on invoices and similar documents to the Lithuanian Tax Authority in the form of a standard file and on a monthly basis.
The companies (excluding finance market participants regulated by the Bank of Lithuania) with net sales for FY2015 exceeding EUR 8 million will be required to submit their SAF-T files to the Lithuanian Tax Authority or other institutions for the periods starting on 1 January 2017, in accordance with the standard requirements set by the Lithuanian Tax Authority.
Up to this date, companies did not have any tools on their accounting systems for generating the XML files according to the new requirements of the Tax Authority. These will be needed in order be able to submit the necessary data to the Tax Authority. i.SAF, i.VAZ files and SAF-T may be generated directly from the accounting system. However, this is not a must, and sometimes, it is not even possible, when the needed data is kept on several IT systems. For this purpose, external IT tools can be used.
Our experts assist the clients with finding various solutions and choosing the most suitable. We can do the work of IT systems' data field mapping with i.SAF, i.VAZ and SAF-T specifications and type tables for you. As an alternative, we can assist you with this uneasy task you are handling yourself.
Contact us
Director, Digital Transformation & Innovation Leader, PwC Lithuania
Tel: +370 620 71559
