Legislative changes regarding the real time data provision
According to the Draft, real time data provision is applicable to the mandatory data content of invoices issued by an invoicing software. The reporting obligation must be fulfilled immediately or within 24 hours following the issuance of the invoice.
Real time data should be provided in pre-defined “xsd” format. The Draft allows taxpayers to provide online data on a voluntary basis until 1 July 2018. Currently the taxpayers may use a test version of the online interface for this purpose. The tax authority may restructure the interface in the last quarter of 2017.
Before the mandatory real time data provision comes into force, the Hungarian tax authority is providing the taxpayers with an opportunity to comment the test version. Based on these comments the Draft may be modified.
We would be pleased to provide our clients with assistance regarding potential amendment suggestions.
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