The National Tax and Customs Authority (NAV) announced a pilot program concerning a standard audit file for tax purposes. The program would be intended to support the provision of data to facilitate more efficient tax audits and the automated processing of data.
Under the pilot program, there would be a data pool of XML files that contains data from ERP systems that the tax authority typically requests from taxpayers during a tax audit. This includes master and transaction data such as ledger data, information in connection with the outgoing and incoming invoices, payments, stock movements, and tangible assets, and would apply for a specific financial or reporting period.
If the pilot program is finalized, it could be expanded and made permanent effective 1 January 2021.
The concept of this standard audit file program was developed by the Organisation for Economic Cooperation and Development (OECD) and has already been introduced in several EU Member States.
Read a December 2019 report prepared by the KPMG member firm in Hungary
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.