Summary 278 posts

Hungarian real-time invoice data reporting deadline with new encryption algorithm

From 1 April 2020, only XML documents created using the new 2.0 template can be submitted to the Hungarian Tax Authority within the framework of the real-time invoice data reporting service; in addition, a new encryption procedure will have to be used when reporting invoice data. Two months from now, every invoicing software must report invoicing data using the new Online Számla 2.0 XML template.

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All roads lead to digitization in taxation as well

Also as a result of electronic data disclosures – real-time invoice data reporting, EKAER, or online cash register data – the estimated VAT gap in Hungary has decreased considerably in the course of the past 5 years, to 9 per cent in 2018. In the meantime, the scope of tax information possible to be digitally queried from HU TA databases is extended significantly.

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Cafeteria – the taxation of employer group insurance schemes is changing!

According to the Personal Income Tax Act, regarding taxable personal insurance schemes (including both risk or non-risk insurance schemes) that are starting in 2018 but continuing into 2019, it was possible for the employer to pay the premium more favourably than salaries. Regarding insurance years commencing in 2019, this favourable transitional rule can no longer be applied. Accordingly, companies must give due consideration to the conditions under which they can optimise these benefits.

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NAV Online invoice version 2.0 - more than just an invoice

The Hungarian Tax Authority (NAV) published the missing, but most awaited component (the new XML template /XSD documentation/) of the real-time invoice reporting obligation, Online számla version 2.0 for the last day of August. This template details the future structure in which automated invoicing applications, or ERPs must report data to the tax authority, including the type of data to be included in online invoice data reports.

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The first specific details about Online számla version 2.0

Following the outage, on the last day of July the interface of NAV Online számla (real-time invoice) featured a new version. However, the long awaited “big score” - the description of the new 2.0 XSD version of online számla - remains yet to be seen, but development on the side of HU TA continues undiminished. Now, real-time invoice moved forward by updating API, a feature facilitating data inquiry.

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