Real-time invoice reporting – VIDA reporting

Invoicing software are required to fulfil the real-time invoice data reporting to the Hungarian tax authority. ABT provides you with full-scope services, so you do not have to worry about fulfilling the data-reporting obligation. Since a while all transaction for which the Hungarian VAT number is used, subject to real-time invoice reporting. With the introduction of “VAT in the Digital Age” (VIDA) package, an additional data reporting system will be introduced in the future, and the use of electronic invoices based on XML format will be mandatory, and paper-based invoicing will be eliminated. Due to the above changes, invoicing programs and business management systems will have even greater responsibility than before.

Who are concerned?

Companies with invoicing software, which is unable to disclose the invoice data to the tax authority in the required form.

Preparing for VIDA data submission

In the near future a status reporting obligation will arise for not only the invoice issuer, but for the customer, too. In addition, it will be mandatory to submit detailed data of the incoming invoice as an electronic data provision.

In addition to data VIDA invoice data provision, there is a requirement for the invoicing process that invoicing between B2B companies takes place through invoice gateway access points, which requires preparations made by the companies. It will also be possible to use the PEPPOL network in connection with invoice access points.

What do we do?

  • Our invoicing service guarantees that the invoices and the data reporting comply with the legal requirements.
  • We issue the invoices on behalf of your company, if requested, and after invoicing we fulfil the invoice data reporting to the tax authority Since our system is able to issue large scale of invoices based on excel data, the system ensures the most-efficient invoicing and data reporting.
  • ABT can also assist you to develop and implement the real time data reporting system into the ERP system.
  • We help you develop and implement appropriate invoice access points for VIDA.

Your personal contact:

Dániel Takó

Director