RTIR Hungary, real-time invoice report
As of July 1, 2018, the RTIR invoice reporting system is mandatory in Hungary
What does RTIR imply for businesses?
The Hungarian Ministry of Economy set by Decree 23/2014 the rollout of its real-time invoice data reporting model (Online Számla) as of July 1, 2018.
This new system will affect the internal procedures in companies when registering and preparing the information to be sent. Carrying out these tasks for each invoice received can mean spending a large amount of human resources and time on these tasks. But there are technological solutions that can guarantee compliance with the immediacy demanded by the regulation.
This obligation will affect all businesses registered in Hungary for VAT purposes.
Taxpayers must register in the NAV and create a Technical User that is then given to its technology provider so that a connection with the Hungarian tax office can be established.
Do you need to send VAT reports to different countries?
Portugal: e-Invoicing and e-Accounting
Spain: Immediate submission of VAT books since 1 July 2017