VATupdate

Real-time reporting models compared (Brazil, Hungary, Italy)

Many governments all over the world are currently deciding what type of real-time reporting system they want to implement. With this blog post we hope to assist these governments by showing various design options of real-time reporting. In the following we will analyse four different real-time reporting solutions after which we will compare those with summitto’s own real-time reporting solution: TX++. We will explain that TX++ can achieve the same results as any other real-time reporting system, while at the same time:

  1. TX++ accepts all invoicing standards;
  2. does not require clearance;
  3. optimally protects taxpayer’s data;
  4. provides additional value to companies.

Comparison of

  • Real-time reporting in Hungary
  • Centralised clearance in Italy
  • Clearance in Brazil

Source Summitto

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