Changes in the online data reporting regulations
25 May 2020
We would like to draw your attention to some important changes affecting the online invoice data reporting obligation:
- Data disclosure XSD version 2.0 – 1 July 2020
- New taxpayers subject to reporting obligation – 1 July 2020
- Severe penalties
The most important changes affecting online invoice data reporting obligations:
Data disclosure XSD version 2.0
The introduction of version 2.0 of the data disclosure system was postponed by the Tax Authority for 2 months due to the emergency situation caused by the COVID-19 epidemic, so the new mandatory deadline for introduction is 1 July 2020.
In this version, several new fields have been introduced and technical changes have been made to some of the previous fields, too. During the development, the range of data that can be disclosed optionally/selectively has been expanded, so the small tax-payer status and periodic settlement can now be indicated, as well as the fact that the given invoice is for a product or service. Moreover, in the new version, it is no longer necessary to break up grouped correction invoices, and a query interface has become available for the customer.
Despite the postponement, the Tax Authority calls on taxpayers to continue the necessary preparations for the migration keeping in mind the current situation and ensuring safe work. Version 2.0 XSD of the data disclosure service has been available and ready for use also in the live system since 27 February 2020, so the technical conditions for the migration have already been provided by the Authority.
New taxpayers subject to reporting obligation
In addition to the changes in the system, we would also like to draw your attention to the change in the legal environment according to which data on invoices issued to all resident taxpayer customers must be reported to the Tax Authority regardless of their value starting from 1 July 2020.
The range of persons required to provide data will be further expanded in 2021 because, from 1 January 2021, there will be an obligation to disclose data not only in connection with domestic invoices, but also in connection with invoices issued to all taxable persons.
The disclosure of data must be made online and in real time, and failure to do so will have serious consequences. Taxpayers can be fined with a default penalty of up to HUF 500,000 per invoice due to incomplete or missed data reporting.
If you want a fast and trouble-free solution, we recommend the VAToDo service of BDO which provides an immediate solution for you to be able to comply with your obligations without any difficulty.