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Built on the experience of our legal, tax and VAT experts, our digital business line prepared its automated solution for supporting the fulfilment of companies' tax return filing and invoice data reporting obligations.
With the help of ConnecTAX Invoice Reporter, companies can fulfil the invoice data reporting obligation applicable from July 2018 with a real-time web-based automated solution. The cloud based software ensures real-time invoice data reporting in compliance at all times with the legal regulations in force.
Connected to the invoicing program or the enterprise resource planning (ERP) system of the invoice sending company, ConnecTAX Invoice Reporter operates as follows:
ConnecTAX Invoice Reporter requests, processes and sends data automatically, without human intervention, through a secure channel ensuring that data is not manipulated/corrupted/lost throughout the whole communication process.
If the company uses an invoicing program or programs announced to HU TA, its data reporting obligation will arise at the time of issuing the invoice. this means that the data of the invoices issued to domestic taxpayers with a VAT content reaching or exceeding the statutory limit of 100 thousand forints must be forwarded to HU TA immediately and automatically. The sanction imposed in the case of non-fulfilment or late fulfilment of the online invoice data reporting obligation may reach an amount of 500 thousand forints per invoice.
Companies are responsible for providing the solution necessary for the automated data transfer of invoicing programs.
Invoicing data represent confidential information the handling of which requires a proper technological and safety background. Our cloud based ConnecTAX system ensures the safe sending of the data of outgoing invoices even in the case of data generated by multiple invoicing programs. Our team of developers provides a comprehensive service of testing the fulfilment of the technical and regulatory preconditions required for the invoice data reporting process and preparing and implementing a customized solution.
The international network of RSM covering 120 countries provides further background and an insight on existing foreign experiences for our partners and clients.
Contact our expert directly or send us an offer request!