The invoicing software has to be registered to the tax authorities since October 2014. As of 1 January 2016, the invoicing software must have a special …
A new Hungarian regulation on invoicing has to be applied from 1 January 2016.
The invoicing software has to be registered to the tax authorities since October 2014. As of 1 January 2016, the invoicing software must have a special data export function for the tax authorities. By using the new function the tax authorities must be able to export reports of invoices issued in a given period of time and in a given range of invoice numbers.
The required data format of the new feature (xml and xsd) has been published in a Ministry decree.
The tax authorities confirmed that:
- the new rules have to be applied by Hungarian VAT registrations of foreign companies, too,
- it is allowed to define this function as a separate module of the original software (instead of implementation as an integrated feature),
- the documentation of the software has to be updated with the description of the new function
If the software does not fulfil the requirements above, the tax authorities may levy a default penalty of up to EUR 1700.
Ákos Cseuz
ABT Treuhand Group
