Real-time Reporting 2.0 in Hungary: increasing requirements

More than one year has passed since the introduction of the Real-time Reporting Obligation in Hungary in 2018. Version 2.0 of the Real-time Reporting System, which will take effect from 1 April 2020, represents the first major upgrade rolled out by the Tax Authority. New requirements are being introduced regarding both the format of communication with the servers of the Tax Authority and the format and content of reportable invoice data.

KPMG's cloud-based KID solution encompasses those server communication adjustments and format changes necessary for compliance with the Obligation, thereby relieving KPMG clients using KID from adapting their systems to the “2.0” reporting requirements.

KID will be also capable of initiating customer-side queries, i.e. checking if the real-time reporting obligation has been performed by vendors appropriately regarding their

Below are the most salient features of the 2.0 changes.

Server communication changes:

Invoice data changes:

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