Hungary: Real-Time Reporting Extended to B2C Invoices
B2B traders in Hungary have been obliged to upload real time data on transaction for the last two years. As of 1 April 2021, this is being extended to B2C transactions. Uploads are in XML format through the authorities’ specialist online invoice portal Online Szamla. Fines of up to HUF 500k (GBP 1,180/ EUR 1,380/ USD 1625) can be levied for each infringement. Essentia can assist if you need support in implementing an upload regime – please reach out to your regular Essentia contact or to email@example.com.
Further reading can be found at the official Online Szamla site Home | Online invoice (gov.hu)
Greece: Online Reporting and Electronic Books for B2B Transaction
Meanwhile, Greece is introducing electronic reporting requirements for B2B transactions on 1 July 2021. Not only do invoices need to be reported but books must be kept in the official myDATA portal in an approved format.
Further reading can be found at the official myDATA web page Τεχνικές προδιαγραφές – Εκδόσεις | ΑΑΔΕ (aade.gr)
Essentia can assist if you need support in implementing either upload regime – please reach out to your regular Essentia contact or to firstname.lastname@example.org.
This story was originally posted on VAT Life, Quipsound’s quarterly newsletter in association with Essentia Global Services. Click here to see the story and more on VAT Life.