Tax benefit for SAF-T implementation

Government grants a benefit with the implementation of SAF-T Accounting file until December 31, 2021.

Colbi



According to the approved law of the State Budget for 2021, companies may now benefit from a base surcharge of 120% of the expenses incurred with the acquisition of goods and services necessary to ensure the correct implementation of the SAF-T Accounting file, which must now be reported annually to the Tax Authority, starting in fiscal year 2021.

The benefit is only applicable for expenses incurred in 2021 and requires that the implementation be fully and properly completed by December 31, 2021. In this sense, it will be important that implementation starts as early as possible in 2021, so that monthly closing processes are not affected with adjustments having to be made at the end of the year.

On the other hand, it will be fundamental to ensure that the accounting information to be reported, portraying the entire life of the Company, has no errors or inconsistencies that are often unknown and that can represent high financial and tax risks for the Company.

Our team is specialized in the topic and has the tax compliance and digital audit platform that is used by several Regulators and Tax Authorities, col.bi.

In this way, we ensure, in advance, 100% compliance of all the information contained in your SAF-T accounting file, making a complete diagnosis of all company records, whether manual or automatic, and performing a drill-down to the root cause of the problem for its respective correction, thus reducing time and resources in the process of implementation and correction of the SAF-T accounting file.

Contact us for more details. We will be happy to help you with the process!