Summary 40 posts

NAV Online Invoice Data Supply - Changes in Schema 3.0

The tax authority published some unexpected information: the NAV Online Invoice schema, which will be introduced on 1 January 2021, changed at a number of points on 1 December. The data supply system is still being updated, the developer documentation and the xml examples have also been updated.

Read more

Things you should know before accepting electronic invoice

One of the most hyped topics of this year are electronic invoices and electronic invoicing. On the side of businesses, there is an increasing demand for better understanding of rules and best practices concerning the electronic issuing and acceptance of invoices. The growing demand for epidemic-proof digital solutions combined with the Hungarian Tax Authority expectations all bring the spotlight to electronic invoicing.

Read more

NAV online invoice report plans – a New Era starts from January

Substantial changes are coming in the NAV online invoice data reporting system with yet another sprint starts for programming and finance experts for the preparation of invoicing programs and data reporting software. The deadline for the conversion to 3.0 XML in January is relatively short but the Hungarian tax authority grants a sanction-free period to taxpayers until April.

Read more

What to do if National Tax and Customs Administration (NAV) asks about online invoice differences?

With the end of the grace period approaching, the Hungarian tax authority applies enhanced scrutiny to the online invoice data reporting of companies and also compares the invoice data received to domestic recapitulative statements. Due to the changes in the regulation of online invoice data reporting and the digitalization efforts of NAV, there is a greater focus on the testing of the quality of data reporting.

Read more

The 5 most common, correctable errors in Hungarian VAT Returns

The changes entered to force from 1 July prompted experts who prepare VAT returns to reconsider certain things. From the second half of 2020, the value limits on incoming invoices to be declared on MSheets of the VAT return and outgoing invoices to be reported in the Hungarian Tax Authority online invoice data reporting system were eliminated.

Read more

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.

Read more

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.

Read more

Featured tags