The Hungarian Tax Authority has released an updated version of its real-time invoice reporting (RTIR) model. Initially introduced in July 2018, the anti-VAT fraud measure requires that all invoices, including paper, must be reported to authorities live and electronically.

Version 2.0 is available today for testing, giving taxpayers until April 2020 to make the obligatory switch from version 1.1. Until then, both versions will be accessible simultaneously.

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The new RTIR model includes changes in invoice details and submission requirements. Specifics to be added or altered include invoice issuance and numbering, credit and debit note numbering formats, a delivery date for goods, and a calculation of VAT liabilities and VAT rate. New submission requirements include an updated API and API encryption signature and changes to the invoicing software.

E-invoicing since 2018

It has been compulsory for all VAT-registered companies in Hungary to report their invoices to the tax authority in real-time since 2018. The files are directly transmitted through the Hungarian Tax Authority´s online invoicing portal. The motivation behind this move was to acquire more information on taxpayers´ activities and cut down on tax avoidance and evasion, leading to increased revenues and improved public services.

Start testing today

With version 2.0 available starting today, companies can get a head start on understanding what the changes are and how to adapt to them. The testing period will include voluntary reporting to help businesses prepare for the full transition.

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