Hungary and Spain introduced the submission of sales e-invoice data to combat VAT fraud as a post-audit method.
The taxpayer will keep sending in the traditional way invoices to its customer, but he must submit to the tax authorities the sales e-invoicing in XML format almost real-time for tax audit purposes. In Hungary, it is within 5 minutes after the invoice is generated, and in Spain, the submission needs to be done within four days.
E-invoicing methods and overview of new country rollouts
KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and does not change existing customer SAP functionality or processes. It is fully configurable with custom namespace /KGT.
KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
KGT provides also S/4 HANA transformation support.