Junior Manager, Tax services
Mátyás Budai is an economist and an expert with several years of experience as a tax advisor in the field of value-added tax. In his former role as senior tax advisor within Digital Tax Solutions, he was responsible for the development and adaptation of automated tax solutions, as well as the tax-related development and implementation of our Connectax platform which supports tax compliance and compliance with invoice data reporting obligations.
Furthermore, he manages the area of digital tax and IT advisory within Tax Services, supporting our clients in fully complying with their online invoice data reporting obligations, matters concerning electronic invoicing and archival, reviewing invoicing software and developing IT systems.
He is involved in compliance projects as a junior manager within Tax Services at RSM Hungary Zrt. He manages the tax compliance and tax advisory projects of international enterprises and is involved in tax representation in the course of tax audits.
As the end of the year approaches, it is a priority for every company to check the VAT handling of their issued and received invoices. But why is VAT checking so crucial, and how does modern technology contribute to easier handling of the challenges involved?
Read moreEver since the launch of the Online Invoice System, the Hungarian Tax Authority has been implementing both minor and major changes to the platform from time to time. Most recently, a change affecting a large number of businesses was announced by the Tax Authority in January, which was originally planned to go live on 15 May. However, according to the most recent news from the Hungarian Tax Authority, the go-live of the change has been postponed until 18 September. This means that companies that have failed to prepare for the changes involving corrective and cancellation invoices have nearly four more months to get ready
Read moreThe eVAT M2M system will become an increasingly common solution for VAT filing processes in the future. Although the eVAT M2M system offers many advantages for taxpayers and tax authorities, its implementation also poses challenges for both parties and expert support may be needed. If properly prepared and managed, eVAT communication will enable companies to meet their tax obligations more efficiently and easily. The Hungarian Tax Authority plans to start the test run in autumn 2023 and to go live in the first half of 2024.
Read moreThe digital age and the rapid expansion of e-commerce have brought about changes in taxation and invoicing as well. In December 2022, the European Commission proposed amendments to the VAT Directive as part of the \"VAT in the Digital Age\" initiative. Changes include significant amendments to invoicing rules, some of which could enter into force in 2024. Later on, e-invoicing would become mandatory for all businesses for transactions within the EU.
Read moreThe move to electronic invoicing could be the first step in transforming administration. An increasing number of companies prefer contactless payments and paperless invoicing and are looking for e-invoicing solutions that are compatible with teleworking, while automating internal processes and increasing efficiency.
Read moreAccording to the recently published tax audit plan of the Hungarian Tax Authority, risk analyses based on data from the Online Invoice System will be in focus this year.
Read more