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