Summary 32 posts

NAV Online Invoice - there is no delay, but there is a 3-month sanction-free period

Due to the difficulties caused by the coronavirus, the tax authority will not sanction, until 30 September 2020, the new taxpayers subject to the online data supply obligation from July, who are not yet able to comply with the regulations. The deadline for extending the data supply obligation is therefore not delayed, but NAV (Hungarian Tax Authority) will not penalise its omission for the first 3 months if taxpayers register in the Online Invoice system.

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Guide to NAV Online Invoice reporting - lessons to learn

The online invoice experience of nearly 300,000 first Hungarian swallows can be found useful for those taxpayers who join later. Summarizing our experience as a tax consultant and digital tax solution provider, with the understanding of corporate operations and expectations of the Hungarian Tax Authority (NAV),we would like to draw your attention to some challenges and faults to help newcomers to the world of online invoice reporting.

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VAT return from 1 July: M sheets must also be reported without a threshold in Hungary

From 1 July, 2020 according to the VAT Act, the data of all approved incoming supplier invoices for which the company intends to exercise the right to deduct VAT must be provided to NAV on the M-sheet in the domestic recapitulative statement, regardless of the VAT threshold. This will make not only the invoices issued, but also the invoices approved between companies, fully visible to the tax authority.

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NAV Online Invoice reporting - how to prepare for July 2020?

More than 300,000 Hungarian companies have been reporting their invoice data to the NAV online invoice reporting system for almost two years. From 1 July, this scope will be further expanded, all invoices issued between domestic business partners will be required to provide online invoice data, regardless of the VAT amount of the invoice, the reporting threshold will be reduced to zero. The expansion of the M-form obligation related to purchases can also be a nightmare for accountants.

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Tax Authority (NAV) extends Online Számla 2.0 deadline

The use of the NAV Online Invoice 2.0 version will not be a must from 1 April 2020 in online invoice data reporting. The deadline for the introduction of the new schema was extended by NAV until 1 July with regard to the extraordinary situation arising due to the COVID-19 epidemic.

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NAV online invoice 2.0 - the final countdown started

The latest version of the Online Invoice has been updated in the live system of the Hungarian Tax Authority (NAV) yet. The most significant change is the new 2.0 XSD schema and its associated endpoint, which eliminates all obstacles to the mandatory use of the 2.0 online invoice version which will go live on 1 April.

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Digital tax revolution in Hungary

Hungary is at the top regarding the VAT rate and the rate of the VAT-gap reduction. We may feel right in the middle of a digital tax revolution. Regarding taxation, we can witness changes of such scale and intensity that are unprecedented.

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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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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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