New version of the RTIR V3
The RTIR V3 became obligatory since 01/04/2021. Significant developments for companies but also major investments for DEVEHO. Find below the full story of our team. Return of our Hungarian finance consultant team at DEVEHO.
What are the challenges of this new release?
T.B – “The new version of the RTIR v3 obligation was released with more accurate and detail clear documentation by NAV Hungary, compared to previous versions. Here-after as experienced system legislation implementator of the RTIR feature for Sage X3 Hungarian localization addon the development and identification of necessary tasks were easy to go comparing with previous R&D activities of RTIR. “
When will it take effect?
T.B –“The RTIR new version 3 became obligatory since 01/04/2021, was also applicable to switch from the beginning of the year 2021. Companies obliged to use RTIR have had only to ensure the new version integration continuity in their legacy systems.”
What are the differences with the previous release?
T.B – “The new RTIR v3 obligation expanded its reporting scope from domestic to all outgoing sales invoices, including more detail oriented reporting on VAT typology combined with territory based applications, meaning into which countries are the Hungarian sales invoices are sent.”
How can companies prepare for it? What are the processes?
TB – “RTIR feature implementation using Sage X3 can be a plug-and-play opportunity, if the Sage X3 Hungarian legislation powered by Deveho Consulting Group is up to date in the legacy system including must to have client database information’s.
In case a Hungarian entity would like to implement the latest RTIR feature via Sage X3 ERP solution using non up-to-date Hungarian legislation addon, it’s necessary to validate system database with potential modification to be carried out in favor of the legal obligation such as Hungarian, European and Third country VAT IDs, Non-registered physical persons identifications and as must to have correct Hungarian VAT content setup. After the implementation and test validations the last step is to ensure invoices reporting continuity against NAV systems.”
How did you get organized?
R.G- “To reach the deadline, we divided the tasks of updating the different situations that need to be declared in the RTDS (RTIR V3), and we started devolvement and testing.”
Can you explain the role of each of you?
R.G – “My role was to test the NON EU and physical person invoices, and to see if the NAV platform accepts and validates the changes. T.B did the same for DOMESTIC and EU invoices. L.S was on the development side.”
Was it complicated to set up?
R.G. – “The job was not easy because there are many combinations of invoices issued, depending on the customers business.”
How hard was it to understand the requirements and the identification of the job?
R.G – “The NAV publishes the changes, and the requests for the new version. From a technical point of view L.S was the one making the changes. L.S is very professional in his job, and a very big help and support when it comes to development and updates. You can count on a clean and accurate delivery. The testing and dealing with errors was, my job and T.B’s.”
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