- The Hungarian Tax Administration, known as “NAV,” is developing a new online platform called eVAT (eÁFA) for automatic exchange of transactional data for VAT Returns.
- The platform will have an analytical component using real-time reporting from various sources.
- Taxpayers can generate templates to access specific information for their VAT returns.
- The system will cross-reference the uploaded XML file with existing information and halt the submission if there are discrepancies, requiring further examination.
- The live environment is expected to be available by early 2024, offering a web interface for managing fewer than 100,000 invoices and a machine-to-machine (M2M) connection for larger volumes.
- Users must understand standard tax codes and meet technical conditions for M2M connection readiness.
- The system conducts tests during M2M data upload, sending ERROR or WARNING messages.
- In essence, eVAT provides flexible options, emphasizes tax code knowledge, and requires technical readiness for M2M, as well as understanding system messages for successful tax return submissions.
Source SNI
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