Blog

2019.09.18Digital VAT

NAV Online invoice version 2.0 - more than just an invoice

The 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.

Lilla Németh

2019.08.15Digital

The first specific details about Online számla version 2.0

Following 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.

Gábor Fajcsák

2019.08.05Tax

Cut tax donations – this year still according to current rules

Opportunities for tax donation from corporate tax were narrowed down on different lines in the last year. From January, sponsoring performing arts organizations is no longer an option and with the acceptance of the summer tax package, the corporate tax top-up obligation is eliminated and, as a result, the relating tax donation also ceases.

Gábor Fajcsák

2019.07.31Tax

Key changes affecting companies in the summer tax package

The key changes of the summer tax package affecting companies include measures designed to create incentives to employment and investment, reduce the administrative burden and also measures arising from the international obligation to harmonise legislation.

Lilla Németh

2019.06.27Digital VAT

Online invoice reporting - the most common faults

For nearly a year, in Hungary taxpayers have been required to report their invoices issued to domestic taxpayers in real time, whenever the chargeable VAT exceeds HUF 100,000. What are the most common faults and challenges in the Hungarian online invoice reporting?

Tímea Szántó

2019.06.25RSM Film and Movie

Superheroes may have customs duty and environmental product tax payment obligation!

Hungary is a popular location for the shooting of Hollywood and international film productions with studios bringing not only staff but also own equipment and requisites for shooting, which require special treatment and customs clearance.

Gábor Fajcsák

2019.06.17Tax

Investment incentives, important VAT and EKAER changes in the summer tax package

About the most important measures of the summer draft tax package concerning companies, we can say in advance that it will include employment and investment incentives as well as measures deriving from Hungary\'s obligation of international legislative harmonization. Elements of the government\'s intention to reduce red tape and minimize conflicts with European forums also appeared.

Edina Pentz

2019.06.05Payroll

Minimum wage and guaranteed wage minimum in Hungary 2019

As from 1 January 2019, the amount of minimum wage is HUF 149,000, and the amount of the guaranteed wage minimum is HUF 195,000 in Hungary.

RSM Hungary

2019.12.19

Season's Greetings

Season\'s Greetings and Happy 2020 to all our clients and readers! See you in 2020.

Lilla Németh

2019.05.25Digital

Updated! Online invoices - HU TA will only accept data in the new format from June 4!

A change is coming in online invoice data reporting from 0:00 on 4 June. From this point, the system of HU TA will only accept online invoice data reporting in the new data format, which leaves a few weeks for switching to version 1.1. Failure to submit online invoice data reports may result in a penalty of up to half a million forints per invoice, which may represent an even higher tax penalty risk than the VAT content of the invoice.

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