The Key Group has recently delivered its Hungarian SAP health check pilot for one of its major clients, and the outcome was that quite some changes in SAP had to be made to avoid either future questions by the tax authorities or announcement of a tax audit when data is submitted mid-2018.
Please keep in mind that the Hungarian tax authorities are aware that SAP setup itself is often not in order and that tools outside the ERP system are used to remediate and manipulate tax data outside of SAP with the purpose to improve tax reporting.
The full automated legal requirement is to force taxpayers to remediate the ERP VAT setup itself and realize that taxpayers do not use workarounds as Excel sheets or similar tools outside the ERP system as human intervention is not allowed.
When the definitive EU VAT system becomes in force - expected in 2021 - these data requests become even more critical. The local tax authorities will use the acquired tax data to check whether sufficient tax revenue is received from the other Member State(s).
Based on this pilot we have designed an efficient and effective assessment process that will include not only an overview of gaps but as well our view how to remediate these gaps in SAP itself.
The Key Group offers an SAP health check specifically on the Hungarian legal requirements defined in XML format.
Download: brochure
Read more: eInvoicing requirements in Hungary per July 1, 2018
have a great day
ReplyDelete
ReplyDeleteGood afternoon. And where to find updated information on VAT 2020?http://www.confiduss.com/en/services/solutions/taxes/vat-triangulation/
. In some cases, a Doctor of Oriental Medicine may treat patients with moxibustion, cupping, Tai Chi, Tuina (Chinese medical massage), and Qi gong; among other associated methods. is taco bell ok for diabetics
ReplyDeleteIf you look at the current scenario with regards to the grants for small business expansion, the federal government actually offers no direct grants. There are however, some programs by the government, through which grants for research and development activities that a small business might carry out are provided by the SBA. Then there are indirect grants in the form of small business loan guarantees as well as subsidized loans, wherein you get loans at reduced rate of interest from the bank as the government pays some part of your loan. Or if you default on your loan payment, the government pays the bank on your behalf. As you can see, there are opportunities galore for small business funding and grants through Mr Pedro and his funding company. They offer a loan at 2% rate which is very affordable. As a start-up business owner you just have to make an effort to find the one that is most suitable for your business goals.
ReplyDeleteContact Mr Pedro on pedroloanss@gmail.com for loans.
All the best!
Among these healthcare professionals are health services managers, also known as healthcare executives or administrators. church's chicken diabetic chicken
ReplyDelete