The draft act on the modification of Decree No. 23/2014 (VI.30) NGM on the Tax Identification of Invoices and Receipts and on the Supervision by the Tax Authority of Electronically Stored Invoices has been published. The draft contains provisions regarding the online data supply requirements of invoicing programs.
According to the draft act, from 01.07.2018 the invoicing programs shall be capable to supply data electronically towards NAV on the data of the issued invoices (including also the data of cancellation and correcting (modification) invoices). The program shall be able to perform the online data supply at least in respect of the compulsory minimum data content of invoices as specified in VAT Act, in xsd data structure in compliance with the new schedule of the decree. The invoicing program shall forward the data of invoices to NAV immediately, but maximum within 24 hours, following the invoice issue date, i.e. following the finalizing or closing the invoice data in the program. Thus, the tax authority will be aware of the VAT content under VAT Act of the taxpayers' such invoices, the VAT contents of which exceeds 100.000 HUF already on the next day following the issue date of the invoices.
According to the draft, the electronic data supply may be commenced after taxpayer registration, which will not replace the current obligation of notification of the invoicing programs, as – according to the draft – the online data supply would be required only in the case of invoices where the VAT content exceeds 100.000 HUF, so thus, there could be such taxpayers, who although issue their invoices by an invoicing programme, but the VAT content of the invoices does not exceed the amount limit, and who therefore are not obliged to supply data online.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
