Hungary sales and purchase listing to become mandatory

28 February 2017

From 1 July 2017 the submission of a local sales and purchases listing report will be introduced for any businesses that issue or receive invoices with a VAT amount of HUF 100,000 or greater.

This new report will be used by the Hungarian tax authorities to validate these types of transactions and it is hoped that it will help to reduce VAT fraud in the country.

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