In recent months we have read and heard more and more about the SAF-T report or SAF-T data reporting, the latest technological development of the Hungarian tax authority. Let us take a closer look at what we are talking about here exactly.
As of 1 July 2018, data reporting on online invoicing was introduced in Hungary by the tax authority. You can remember we were afraid because we knew nothing about it, neither as taxpayers nor as tax specialists. Explicitly or implicitly, we knew that the NAV would possess even more taxpayer data. In the four years since its introduction, we can say our software reports data on every outbound invoice, and this has all become part of every taxpayer’s life, so maybe it is not so terrible after all.
Source WTS
Latest Posts in "Hungary"
- Hungary’s Carbon Tax Conflicts with EU Emissions Trading System Directive 2003/87
- Hungary Issues VAT Group Succession Guidelines Covering Transition Period Requirements
- ECJ Rules VAT Refund Administration Fees Taxable in Hungary for Non-EU Customers
- New Hungarian VAT Guidelines for Accommodation Cancellations: Key Insights and Provider Actions
- Hungary Introduces Stricter Invoice Data Reporting Rules with Million Forint Penalties
