Making Tax Digital and Real Time Reporting

PwC has developed and is implementing an end-to-end VAT compliance solution that meets the most stringent tax authority requirements around the world - GITC.

Making Tax Digital for Business (MTDfB) is the government’s policy to move all business-related tax reporting online. The stated objective of MTDfB is to make tax reporting more accurate, more reliable, and more efficient: the government wants to deliver ‘a modern, digital tax system for all businesses’.

From 1st July VAT registered companies in Hungary will be required to report any B2B domestic sales invoices they raise of at least 100,000 HUF (300 EUR) to the tax authorities. Data must be submitted in real time via a computer interface (API) for validation by the Tax Authorities. This article by Tom Birch and Christian Davis suggests material to discuss with clients with Hungarian VAT registrations.

From 1st of July 2018 VAT registered companies in Hungary will be required to report any domestic B2B sales invoices they raise (of at least 100,000) HUF to the tax authorities.

We are delighted to invite you to the next in our series of global indirect tax webcasts where we will look at the very latest UK regulations on Making Tax Digital for Business (MTDfB) and...

The Global tax landscape is shifting as tax authorities demand an ever increasing volume of data from taxpayers. The Standard Audit File for Tax ("SAF-T") is one example of this. SAF-T aims to be the Global standard for electronic exchange of accounting d...