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Online billing is expanded! – What does this do for my company? Help is coming:
Izer Norbert said that the new type of reporting affects an average of more than half a million retail accounts per day. Due to the difficulties caused by the coronavirus crisis, it is now particularly important that companies can smoothly transition to the new system, which They are granted a penalty-free period from January 1 to March 31, 2021.
We are entering a new era of economic whitening next year, where the fight against the shadow economy is accompanied by various services that are unique in the European Union and significantly facilitate corporate taxation, said Izer Norbert. Risk analysts currently process data on an average of more than one million accounts each day, By making retail accounts visible, the number of incoming accounts will increase significantly next year. Online account extension
It is the most far-reaching step in the fight against the shadow economy, as next year it will provide auditors with almost all the control data when examining the reality content of VAT returns
he stated.
Among the services that will debut next year, the Secretary of State was the first to highlight the recommendation for VAT returns. As you said, approximately 480,000 companies a year could be exempted from the government’s obligation to complete one of the most complex returns.
The new online billing system provides not only the preparation of VAT returns by the tax office, but also, during the coronavirus epidemic declared a high risk of infection, it could also generate paper invoices. The seller sends the data of the specified invoice to the tax office and the buyer simply downloads the necessary data, so the data supply can be the electronic invoice itself. The identifiers most commonly used in the economy, such as the contract number, can be optionally completed in the data structure, making invoices automatic and easy for the customer to process, explained the Secretary of State.
He stressed that no one would have to take care of these services by completing the account block next year.
He noted that the tax office’s mobile app, the completely free Online Invoicer, will also provide all of this, making it an ideal option for small businesses that are also switching to digital invoicing.
The transition to the new system, XSD 3.0, is also important from a data protection perspective, as this specification ensures the anonymity of public data, the secretary of state said. Retail data is essential for analysis on the sales side, but the personal data of the individual buyer is not needed, nor is it seen by the tax office, explained Izer Norbert.
According to the secretary of state, the new system will also have a direct impact on companies, since in many cases it can contribute to the spread of the digitization of sales processes, which can also bring efficiency reserves to the surface.
Although there is still more than a quarter to go to go through the January 1 system, which is funneling all accounts to the tax office, there is still a need to give nearly half a million businesses more time to prepare for the transition during the coronavirus crisis, said the secretary of state. During the sanction-free period until March 31, 2021, the old XSD 2.0 specification can still be used, but as of April 1, only a more advanced version, 3.0, will be available, which simultaneously ensures greater whitening of the economy, offering VAT refunds, data protection and electronic invoicing.
To prepare properly, the tax office will post the developer schematics and a full description of the technical changes on GitHub and onlineszamla.nav.gov.hu this afternoon. The Secretary of State recalled that Starting October 1, the tax office will see billing data for one million transactions with each other.
The new era will begin on April 1, 2021 with the channeling of invoices issued to individuals, since the provision of invoice data in Hungary will be complete from that moment.
A logical and spectacular step forward
The gradual introduction and diffusion of online billing is of utmost importance in several respects: NAV has seen practically all transactions in the economy, albeit gradually, which improves its ability to control and therefore (and the deterrent effect of the measure alone) reduces the shadow economy and also forces people to use digitization.
NAV’s miracle weapon started on July 1, 2018, when the data of all invoices with a minimum VAT content of 100,000 HUF transmitted to national taxpayers had to be sent to NAV immediately, that is, the invoicing programs used The companies were connected to the tax authority, which automatically provided the requested data. . According to the data previously presented by NAV, about 300 thousand companies participated in the provision of data in addition to the VAT value limit of 100 thousand HUF until the beginning of 2020.
The second stage of this measure was the expansion of the system, which will come into effect on July 1 of this year, since the regulation abolished the value limit of 100,000 HUF. In other words, the NAV online invoice report should provide data on the invoices issued to the customers subject to Hungarian tax in real time, regardless of the value of the output VAT.
And Secretary of State Izbert Norer’s big announcement on Monday is practically the third step in online billing. After a longer period of preparation, according to them, the invoices issued to individuals will also be reviewed by the tax authority.
Cover image source: MTI / kormany.hu / Gergely Botár
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