Changes in Danish Accounting Law. Although SAP has chosen not to be included in the list of approved standardized systems, it naturally remains approved in Denmark, provided certain requirements are met. Requirements that are already met today or will be met by SAP shortly.
1. Requirements already met by SAP
• Accounting document content and documents related to sales and purchases
• Audit trail
• Digital storage of scanned receipts and invoices
• Send and receive e-invoices and credit notes in Peppol BIS format via Peppol Network
• Import of account statements and reconciliation of bank accounts and open items
2. Requirements that will be met by SAP
• Data exchange in SAF-T file format
• Send and receive e-invoices and credit notes in OIOUBL format through eDelivery/Nemhandel
Some comments:
Regarding SAF-T files
The solution for extracting a SAF-T file is now in place in SAP (2024-03). However, to make the relevant settings for this report, you must first ensure that all necessary notes in your system are updated. Once this is done, you can make the relevant settings before the extraction can be performed.
Regarding e-invoicing
Today, SAP only supports e-invoicing in PEPPOL format via “SAP Document and Reporting Compliance”. Although it’s possible to access the Peppol format directly through Implema as a partner. SAP does not yet provide a direct solution for the Danish OIOUBL format. However, they expect to provide a solution during the second half of 2024.
While waiting for SAP’s solution, you can access/use OIOUBL format if you have your own integration platform/Integration-as-a-Service for mapping to OIOUBL and access to Nemhandel/Peppol network through Implema as a partner (thus not needing to access this through SAP). Please contact us for more information about this.
Regarding Electronic VAT Return Submission
Among the new requirements are instructions for electronic VAT return submission. However, you can still submit the report manually. What is mandatory is that the system must be able to provide correct information about VAT returns for the previous fiscal year.
Companies must perform reconciliations that ensure they have updated documentation for statutory reports and declarations concerning VAT, taxes, customs, and annual and interim reports. Reconciliation must be completed by the day the deadlines for statutory reports and declarations expire.
Please contact us for more information. We would be happy to discuss what changes you need to make and when regarding your SAP system. Our global United VARs partners, present in more than 100 countries, will also be able to provide local support when needed.
If you would like us to help you with this – and assess what you specifically need to do – please contact us by June 20 to ensure relevant changes can be made in time.
