The importance of having the right data, at a transactional level, in your bookkeeping is increasing. More and more countries are introducing the obligation of providing extra information per transaction. What does this mean for your company and how can Grant Thornton help you with this?
In the EU, some countries have already made the filing of SAF-T (Standard Audit File Tax) reports mandatory. The expectation is that many countries will follow. The OECD urges countries to do so. We see the plans by the Dutch tax authorities to hire 1,500 data analysts as a sign that this will also become mandatory in the Netherlands soon. It means that companies will have to provide insight into operations at a transaction level. The correctness and trustworthiness of your data is therefore crucial. How do you know whether this data is in order?