Summary 12 posts

How to register with HU TA for invoicing data reporting

The first step in invoice data reporting is the taxpayer’s registration at the Hungarian Tax Authority (HU TA). Testing of the sending of data can be started in the tax authority’s system after registration. Taxpayers should use this opportunity on the one hand, because the test system of HU TA can do everything that the live system will, which means that potential errors can already be identified at this point and, on the other hand, going live will also be easier for the taxpayer after testing. Every solution the company may choose for the sending of invoice data in the future, registration is a must for both testing and live operation, so let\'s go through this process.

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Preparation for real-time invoicing data reporting – How do I connect my invoicing program to HU TA?

From July 2018, digitalization of the tax authority’s operation is moving to a new level. Similarly to the connection of cash registers to the tax authority’s system, invoicing programs will also support internal automated processes of the Hungarian Tax Authority (HU TA) real-time with electronic messages and grant the tax authority real-time insight into the invoicing of companies. However, the introduction of automated data supply poses more complex technological challenges and comes with potential pitfalls.

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Online invoice data reporting – handling of special items

Real time invoice data reporting sets out explicit rules on the tasks related to invoices compliant with basic criteria. The legal regulation also provides guidelines on what to do in cases when the original invoice is not included in the set of data required to be reported, but due to its “afterlife”, it nevertheless generates a reporting obligation.

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Invoice data reporting – Data reporting and error handling process

The technical documentation on real-time invoice data reporting is already available on the webpage of the tax authority. From the description it turns out – if it has not been clear so far - that financial, taxation-related, and IT competencies are required for solving the new task of companies, all throughout the process.

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Online invoice data reporting – data content

Data reporting must be carried out automatically from the invoicing software, without any human intervention. In case of an operational failure, the data content of missed invoices must be forwarded electronically to the state tax and customs authority by the taxable person within 24 hours of elimination of such operational failure.

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Real-time invoice data reporting – To everyone, about each invoice?

The draft decree of the Ministry for National Economy published recently confirms that the real-time reporting of invoices to Hungarian Tax Authority is to be launched as of 01 July 2018. All invoices issued to domestic taxable persons, the VAT content of which is at least HUF 100,000, are subject to data reporting to the Tax Authority. All this in real time and automatically. This obligation is valid only in respect of invoices issued to taxable persons and only for invoices with a VAT content exceeding HUF 100,000 (EUR 320),but let’s see the exact details.

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