Page 7 - IOTA Good Practice Guide
P. 7
Problem:
Identifying risks or quantifying possible errors in large sets
of accounting data is a hard job for a tax auditor, especially
when every business or accounting software uses its
personal filing method.
Solution:
Standard Audit File for Tax (SAF-T) is an international standard for electronic exchange of reliable
accounting data from organizations to a national tax authority or external auditors. For the Portuguese
tax administration, adopting SAF-T was the starting point to gather big volumes of information about
invoicing, transport documents, etc. By analysing these new data, the Portuguese were able to more
successfully detect and prevent tax fraud.
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