What’s new in e-invoicing in Bulgaria, Slovakia and Hungary.
We have said it many times before: e-invoicing is a global trend. Countries all over the world are making rapid progress in order not to be left behind. A good example of this is the United States, as we reported a few weeks ago. However, today on the blog, we will focus on the innovations published by three European countries: Bulgaria, Slovakia and Hungary.
Electronic invoicing in Bulgaria
The Bulgarian Tax Agency has opened a public consultation on the implementation of electronic invoicing in the country. The results of this consultation are expected to be published before the end of the year. This is a first step, far from a real implementation, which could come as of 2023.
Following other models in Europe, such as Italy or France, Bulgaria wants to adopt a clearance model for electronic invoicing. In this model, companies must wait for validation by the tax authority for an invoice to be valid.
Currently, in Bulgaria, the use of electronic invoicing is allowed, as long as there is an agreement between the customer and the supplier.
E-invoicing in Slovakia
Slovakia has been working for some time on an e-invoicing model for the country.
The proposed law is expected to be published in the first months of 2022.
The Ministry of Finance has created a website about the e-invoicing initiative in the country. From it, we know that there will be a unified process of electronic circulation of invoices. Also a unified process of sending structured invoice data to the financial administration. This will be implemented through an information and communication solution called “informačný systém elektronickej fakturácie”.
The system will support both the issuing and receiving of electronic invoices. And it will facilitate the creation of structured invoices by foreign suppliers.
Technically, the e-invoice system is expected to be UBL 2.1 and CII D16B.
Details of the implementation dates have also been published:
- January 2022 for the public domain (B2G).
- January 2023 for B2B and B2C.
The situation in Hungary
In Hungary there is no specific regulation for the use of mandatory e-invoicing. However, an immediate reporting system (RTIR) is in place.
Through this system, all taxpayers in the country must complete the report periodically.
Since November 2021, the information collected by the RTIR is used to prepare the Hungarian VAT return drafts.
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