T.R.U.S.T. – Generate a VAT return in a few clicks

T.R.U.S.T. (Tax Return Unified Support Tool) is a software solution created by PwC’s developers and tax consultants that fully automates the completion of VAT returns.

The software can automatically prepare VAT returns (including domestic recapitulative statements) and EC Sales and Purchases Lists by processing Excel-based ledgers extracted from ERP systems. When preparing VAT returns the software makes automatic checks to eliminate problems arising from manual data entry. PwC’s algorithm corrects all ledgers loaded in Excel, and converts the final VAT report data into a format suitable for being directly loaded into the tax authority's Abev Java program.

T.R.U.S.T. can save you cost and time, and minimize the potential for errors in your VAT returns.

Features offered by our program:

  • automatic processing of data extracted from your enterprise resource planning system;
  • elimination of manual errors;
  • validation of Community VAT numbers;
  • logical testing of VAT codes and tax numbers;
  • logical testing of VAT treatment validity;
  • automatic calculations as required due to changes in foreign exchange rates;

Which forms can you complete with our program?

Our T.R.U.S.T. software solution automates completion of the following forms:

1965A – VAT return form

Sheets:

  • 1965A-01 sheets: detailed lines for VAT returns
  • 1965A-04 sheet: detailed lines for self-correction
  • 1965A-07 sheet: declaration regarding sales with reverse charge mechanism
  • 1965A-08 sheet: declaration regarding acquisition with reverse charge mechanism
  • 1965A-09 sheet: data supply regarding passenger car chassis identification numbers

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1965M – Domestic recapitulative statements

The invoices underlying the VAT returns should be declared enumerated in case the VAT amount reaches or exceeds the amount of HUF 100,000. This declaration applies to invoice recipients. The enumerated declarations should be recorded on the 1965M form and should be submitted as part of the VAT return.

Sheets:

  • 1965M-01 sheet: acquisition of goods, services
  • 1965M-01K sheet: Correction sheet in case of the modification or annulment of 1965M-01 sheets
  • 1965M-02 sheet: requisition of goods or services
  • 1965M-02K sheet: Correction sheet in case of the modification or annulment of 1965M-02 sheets

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19A60 – EU Intra-Community list

In case a taxable person provides goods or services to another taxable person established in another Member States of the Community, or purchases goods or services from a taxable person established in another Member States of the Community, the EU Intra-community list must be completed.

Sheets:

  • 19A60-01 sheet: Breakdown of intra-Community supply of goods
  • 19A60-02 sheet: Breakdown of intra-Community acquisition of goods
  • 19A60-03 sheet: Breakdown of intra-Community supply of service
  • 19A60-04 sheet: Breakdown of intra-Community acquisition of service.

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PwC T.R.U.S.T. Intra Modul

The PwC T.R.U.S.T Intra Module is a software solution created by PwC tax and IT experts to fully automate the filling of the Intrastat reports.

The PwC experts considering the changes entered into force by 2019, developed a solution which can streamline the transition to Intrastat data-supply in a way, which does not take any additional burden to Companies. Our solution can generate the obligatory XML structure from any given data file structure (for example .xls; .csv; .txt).

What offers the PwC solution to you?

  • automatized data processing exported form the ERP system;
  • avoiding errors by manual usage;
  • checking the validity of VAT IDs;
  • generating XML data file prescribed by the Central Statistical Office.

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Kapcsolat

Deák László

Deák László

Partner, PwC Hungary

Farkas Gábor

Farkas Gábor

Igazgató, PwC Hungary

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