This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2024 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2024 Wave 2.
The 16th of the new functionality in the section is use updated SAF-T 1.3 in Norway.
Business Central helps businesses in Norway be compliant when authorities require the new SAF-T form (version 1.30) starting January 1, 2025.
Enabled for: Users, automatically
Public Preview: –
General Availability: Jan 2025
Feature Details
SAF-T Financial is a standard format used in the exchange of accounting data. SAF-T, or Standard Audit File-Tax, is the result of a joint development collaboration between the business community, the accounting sector, and the Norwegian Tax Administration, based on a recommendation by the OECD. SAF-T Financial has been revised and updated. The new form (version name 1.30) is required beginning January 1, 2025, but businesses can use the old form (version 1.20) for previous years (financial year 2024 and earlier).
Because of that, businesses can choose which format they want to use when they export data for SAF-T. If they want to report the previous fiscal year, they can still choose the old version 1.20, but if they want to use SAF-T export for the new fiscal year, they can easily change the format version to 1.30.
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