Hungary introduces SAF-T

May 31, 2022by TPA Global0

In Hungary, there are a number of e-tax requirements in place, the most important of which is real-time invoice reporting (RTIR). The SAF-T obligation, on the other hand, has yet to be implemented. This status will be changed because Hungary intends to implement SAF-T in 2022. 

Hungary’s SAF-T journey began in late 2019, when the country’s tax authorities (NAV) published a proposal for a SAF-T structure. SAF-T was supposed to be implemented in 2021 when it was first proposed. It has been postponed, however, due to the COVID-19 pandemic. Although no official implementation date has been announced, there are rumors that SAF-T will be implemented in 2022 or early 2023. Given that the project has been underway for more than two years, the above dates appear reasonable. NAV has also already provided detailed technical documentation on the SAF-T HU. 

SAF-T Hungary is divided into several structures that cover various aspects of taxpayer finance and accounting. This is a model that is similar to the Polish SAF-T. (JPK). SAF-T HU, however, has a wider range of structures than Polish JPK. NAV emphasizes that this design will make it easier to generate SAF-T files from a variety of sources, including ERP, warehouse systems, billing systems, and so on. As most of electronic tax requirements, SAF-T HU will be reported in XML format. 

Effective date: 2022/2023 

Source

TPA Global

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