Danish businesses that use electronic cash register systems must comply with a specific standard for exporting data from their systems in XML format. The standard, called SAF-T Cash Register, is part of the SAF-T (Standard Audit File-Tax) project initiated by the Danish Tax Administration, based on a recommendation by the OECD.
What is the SAF-T cash register export in Denmark?
Public
Denmark
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
383
Content accuracy validation date:
30.11.2023
Content accuracy validation time:
10:29h
Content
SAF-T Cash Register contains journal data from electronic cash register systems, such as sales transactions, payments, discounts, returns, corrections, and cancellations. The standard also requires digital signatures for transactions to ensure data integrity and authenticity. The standard is compatible with the SAF-T Financial format, which is used for exporting general ledger and customer/supplier data.
The main purpose of the SAF-T Cash Register standard is to:
- Serve as an export format for cash register data after a request from the Danish Tax Administration or other parties.
- serve as a format for moving data when changing cash register systems or software.
- Serve as a format for moving data from cash register systems to other financial systems, such as accounting software, tax computation systems, business intelligence software, etc.
The introduction of the standard format makes it easier for businesses to submit cash register data to public authorities when requested to do so. It will also be easier to perform internal audits and analyze and share data with others, such as external auditors or between different cash register systems. The obligation to store documents will become easier to fulfill because a SAF-T file meets the requirements for the storage of cash register data, as long as the file can show the specifications necessary for required reporting.
System suppliers must adjust their cash register systems so they support the new standard for customers who wish to use the system to produce and submit their cash register data in SAF-T format. The Danish Tax Administration provides documentation and guidance for implementing the SAF-T Cash Register standard. The documentation includes general information, technical descriptions of data elements with examples, diagrams, code lists, and XML schemes. This documentation can be found here: SAF-T Cash register data
Other news from Denmark
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
Are pop-up stores, and street and market sales in Denmark subjected to fiscalization?
Public
Denmark
Author: Kristina Dosen
Denmark
Author: Kristina Dosen
In many fiscalization systems, pop-up stores and so-called street and market sales fall under the same fiscalization obligation as regular stores, while other systems carve out special exemptions for these types of sales. In Denmark, the obligation is tied to the ability to print receipts. In circumstances where printing a receipt is not feasible, businesses are exempt from producing a simplified... Read more
Checklist: 15 technical requirements for POS systems in Denmark
Denmark
Author: Kristina Dosen
In the following, we explain in detail facts about 15 technical requirements regarding POS systems in Denmark, such as Can the sales registration system generate an X report? Can the sales registration system generate a Z report?Does the sales registration system have SAF-T as the default file format? etc Read more
The Cash Payment Limit Reduction in Denmark
Public
Denmark
Author: Kristina Dosen
Denmark
Author: Kristina Dosen
In March 2024, Denmark plans to lower the cash payment limit from 20,000 to 15,000 kroner (1300 EUR), marking a significant push towards digitalization. This initiative mirrors Denmark's gradual departure from cash, favoring digital transactions, which already dominate retail purchases. By 2023, digital payments will constitute almost 90% of all transactions in physical stores, facilitated by the... Read more
Danish Cash Register Regulation: The Role of OCES Certificates
Public
Denmark
Author: Kristina Dosen
Denmark
Author: Kristina Dosen
Businesses in Denmark that use cash register systems must record and report their sales transactions to the tax authority in a digital format called SAF-T. To do this, they need an OCES certificate, which is a digital document that proves their identity and authority. But, what else do they need to do? They must sign the transaction data with their OCES certificate, which ensures its authenticit... Read more
New document was uploaded: Recorded webinar: It’s time to grow together
Public
Author: Kristina Dosen
In this discussion, we have introduced our new partner program and what is essential for international growth, while dealing with topics such as - Success factors for POS applications - What does globalization mean? - How to grow globally? Furthermore, we presented benefits for our partners. Last but not least, we presented our fiscal cloud architecture and its important features.You can down... Read more
Penalties in Denmark for Non-Compliance with Digital Sales Registration Requirements
Public
Denmark
Author: Kristina Dosen
Denmark
Author: Kristina Dosen
From January 1st, more businesses in Denmark are bound by the fiscalization regulation and have to be able to prove that their digital sales registration systems (POS) meet certain requirements. Let's explore further about this. The Danish Tax Agency has underscored the severity of non-compliance by introducing escalating fines for businesses found to be in violation during routine inspections.... Read more