Online invoice data reporting is mandatory in Hungary from 1 July 2018 when using invoicing software.
One important precondition for successful online invoice data reporting is that the data-export function of the invoicing software works well and includes detailed data structure specified by the related legislation.
Based on our experience, problems can arise in case of using an accounting software which is not developed in Hungary due to either (i) the data-export function that was not created properly through programming or (ii) data structure and data content extracted from the invoicing system through data-export is incomplete. A failure in the data-export function of the invoicing software may result in a default penalty of up to HUF 500,000 (roughly EUR 1,500). In most cases a faulty export function leads to problems with data reporting on online invoices too, which can bear even graver consequences: a default penalty of up to HUF 500,000 (roughly EUR 1,500) per invoice.
Our professional team gladly provides assistance to review the invoicing software. During a review similarly to tax inspection, we perform the following tasks:
- reviewing the existence of required documents in connection with the function of data-export
- review of the continuity of sequential numbering
- testing xml files in the given month
- review the data-content of xml files and related invoices randomly chosen
At the end of the work we draw your attention to the existing insufficiencies and make suggestion in order to eliminate failures.
Should you need any further information regarding the above review or a fee quote, please do not hesitate to contact us.
