Model it invoicer5/28/2023 In order to provide a solution that can help a wide variety of tax authorities, the OpenPeppol organisation developed their Peppol Continuous Transaction Controls (CTC) model. Source: Peppol (2021) Decentralised clearance: Peppol Continuous Transaction Controls model For example, where the clearance platform is a third party service provider ( read our blog about the Mexican real-time reporting system).įigure 3: real-time reporting in Brazil - clearance There are many different variants of this model. The buyer has to check with the tax authority if the correct invoice is reported (4), after which (in case the invoice is indeed valid) the buyer receives a confirmation from the tax authority (5). The process is as follows: the supplier sends its e-invoice to the tax authority (1), the tax authority clears it (2) and only afterwards the supplier is allowed to send the invoice to the buyer (3). The big difference however is that the supplier is still in charge of sending the invoice to the buyer. The most important similarity between the real-time reporting in Italy and Brazil is the central role of the tax authority. Source: Peppol (2021) Clearance in Brazil When the buyer receives the invoice, it will send a confirmation to the tax authority (4).įigure 2: real-time reporting in Italy - centralised clearance The tax authority then “clears” the invoice (2) and forwards it to the buyer (3). This model, implemented in January 2019, is called the Sistema di Interscambio (SdI) and requires every taxpayer to send their invoices (in a standardised e-invoicing format called FatturaPA) to the tax authority (1). As opposed to the Hungarian system, Italy decided to couple real-time reporting with mandatory B2B e-invoicing. Source: Peppol (2021) Centralised clearance in ItalyĬentralised clearance is another form of real-time reporting (Figure 2). In version 3.0, the Hungarian tax authority also allows buyers to download the reported XML file from the tax authority system. However, the data sent to the tax authority (2) needs to be sent in a specified XML format. In this system, suppliers can send their invoice to the buyer (1) in their prefered format. The latest update (3.0) of the system was introduced in January 2021, which requires all invoices to be reported to the Hungarian tax authority in real-time. Hungary applied this thesis when implementing their Real-Time Invoice Reporting (RTIR) system in 2018. Real-time reporting in HungaryĪs we explained previously, real-time reporting does not necessarily have to involve mandatory e-invoicing. (4) provides additional value to companies. (1) TX++ accepts all invoicing standards We will explain that TX++ can achieve the same results as any other real-time reporting system, while at the same time: In the following we will analyse four different real-time reporting solutions after which we will compare those with summitto’s own real-time reporting solution: TX++. With this blog post we hope to assist these governments by showing various design options of real-time reporting. Many governments all over the world are currently deciding what type of real-time reporting system they want to implement.
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