Why You Need SAP Based RTIR Solution for Your Business?

As you know, companies with a Hungarian tax number are obliged to upload their invoices electronically with a value of HUF 100,000 or more to the NAV e-Invoice system as of 1st July 2018.

However, the Hungarian Tax Authority has modified the communication protocol by changing the method of online invoice submission more precisely!

Sovos Foriba makes your business stay up-to-date in terms of regulation updates in various countries with a powerful team giving dedicated support!

Hungary RTIR Landscape

XSD communication protocol, which refers to the rules of electronic communication stands to enhance the data quality and introduce new features for invoice submission.

Upcoming Changes for Real-Time Tax Reporting in Hungary

Our RegTech Product Manager Huseyin Akca summarizes the significant changes below,

  • Version 1.1 has been available for test purposes from January 2019.
  • Version 1.1 has been mandatory in the live environment from 4 June (priorly 2 May 2019 – extended on 29 April 2019).
  • Version 2.0 has been released in the development environment from April 2019.
  • The final version of version 2.0 will be released in June 2019.
  • NAV will provide the test environment for version 2.0 in September 2019.
  • Version 2.0 becomes applicable in the live environment on 1 Jan 2020.
  • NAV also plans to introduce a customer-side account query operation from July 2019, which will be used through a web service available in version 2.0.

As known, currently, sales invoices are reported to the tax authority, and only the seller can query the information sent. This change will allow customers to check the information reported by their vendors via web services.

Real-Time Invoicing in Hungary

In Hungary, invoices must include the basic information below;

  • Date of issuance
  • A unique, sequential number
  • Supplier’s VAT number
  • Supplier’s and Customer’s full names and addresses
  • Provided description of the goods or services
  • Details of quantities of goods, if applicable
  • Date of the supply if different from the invoice date
  • The net, the taxable value of the supply
  • The VAT rate applied, and the amount of VAT (in HUF if the invoice has been issued in different currency)
  • Details to support zero VAT – export, reverse charge or intra-community supply
  • The total, gross value of the invoice

Sovos Foriba SAP add-on for Real-Time Invoicing

Sovos Foriba provides an SAP add-on for Real-Time Invoicing which is running within the SAP and compatible with the NTCA standards in Hungary. It covers the steps of creation Invoicing Records in XML format in SAP.

Sovos Foriba SAP Hungary RTIR Cockpit Provides

Digital reporting in Hungary.

  • Technical data of data service (exact time, the endpoint identifier)
  • Billing software data (manufacturer’s name, software name, version number)
  • Invoice type
  • Genuine invoice details
  • Modification invoice details

Book a Meeting!

  • We help enterprises to easily transfer their accounting and finance-based business processes to a digital platform!
  • We deliver 25 different solutions and services in more than 10 countries with regulatory compliance requirements!
  • As a trusted compliance service provider for electronic invoicing, we create, signs, and stores more than 30 million electronic documents per month!

We are always happy to answer your question to determine your needs to provide the best experience!

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