Summary 388 posts
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.
Read moreThe changes of VAT regulations may concern several sectors and companies; we have collected the areas worth paying special attention to in 2020 due to amendments of local or European legal regulations.
Read moreThe conditions for the tax free supply of goods within the EU are becoming uniform and, as a result, it will become easier for both the companies and the tax authorities to assess the transactions in a uniform manner. From 2020 onwards the documents necessary to prove the delivery of goods sold to another EU member state will also become uniform.
Read moreThe filing deadline of the first tender subsidizing energy production from renewable resources under the green premium scheme has recently finished at the December 2 15:00 deadline and the Hungarian Energy and Public Utility Regulatory Authority (HEPURA) has published the basic data of the renewable sector tender after the opening of the submitted tender documentation.
Read moreCompanies can take the opportunity of tax donation at the time of advance corporate tax payment replenishment this year as well, the deadline still being 20 December.
Read moreThe draft tax package brings significant changes in terms of real-time invoice data reporting obligations as the HUF 100,000 threshold is removed and the scope of included transactions is significantly expanded.
Read moreAlso 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.
Read moreAccording to the Personal Income Tax Act, regarding taxable personal insurance schemes (including both risk or non-risk insurance schemes) that are starting in 2018 but continuing into 2019, it was possible for the employer to pay the premium more favourably than salaries. Regarding insurance years commencing in 2019, this favourable transitional rule can no longer be applied. Accordingly, companies must give due consideration to the conditions under which they can optimise these benefits.
Read moreThe Hungarian Tax Authority (NAV) published the missing, but most awaited component (the new XML template /XSD documentation/) of the real-time invoice reporting obligation, Online számla version 2.0 for the last day of August. This template details the future structure in which automated invoicing applications, or ERPs must report data to the tax authority, including the type of data to be included in online invoice data reports.
Read moreFollowing 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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