Zero Tax Categorization

In Hungary, invoices can be generated with “Zero VAT”. These Zero VAT invoices must be identified when online uploading the XMLs

  1. Select Localization > HungaryZero Tax Categorization (lphun0520m000).
  2. Specify the VAT codes which are used for “Zero VAT”, Reverse Charge VAT, and Sales and Purchase:
    • Domestic Reverse Charge (sales invoice)
    • Tax exempt
    • Taxpayer exempt
    • Out of scope
    • Domestic Reverse Charge (Purchase invoice)
    Note: The Domestic Reverse Charge sales VAT code is used in online upload process. However, the Domestic Reverse charge purchase VAT code is used for reporting issues. The value in the Tax Type field must be set to ‘Shifted’ for this invoice.