Hungary plans to introduce SAF-T shortly

SAF-T introduction in Hungary is expected to be mandatory in the short term, after previous postponement due to Covid.

SAF-T introduction in Hungary is expected to be mandatory in the short term, although the exact date is yet to be confirmed. Unofficial information indicates that SAF-T shall be mandatory by the end of 2022 or the beginning of 2023.

The SAF-T (that stands for Standard audit file for tax) is an internationally standardized file in XML format used to facilitate the treatment and exchange of tax information.

SAF-T reporting allows an easier communication of transactions performed to tax authorities, making it simpler to carry out tax audit procedures. The ultimate purpose when tax authorities introduce the SAF-T requirement is to reduce the VAT gap and fraud in the country.

Hungarian SAF-T

Hungarian SAF-T is expected to be similar to the Polish SAF-T – JPK files, adding some additional structured sections.

The 3 sections of the Hungarian SAF-T are i) master data – general information about suppliers, customers, products, etc., ii) transactional data – detailed information about transactions, and iii) reporting data section – information concerning reporting obligations.

Hungarian real-time reporting obligation already requires businesses to have their systems ready to send standard audit files (SAF) when required by the tax authority. This information will include (i) general accounting, customers, suppliers and VAT, (ii) accounts receivable and (iii) accounts payable data.

The idea is that Hungarian SAF-T will be submitted to the tax authority (NAV) in XML format, however, there is still plenty of information to be confirmed.


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