UPDATE: Hungary to introduce real time VAT invoice reporting

31 January 2018

From 1 July 2018, the Hungarian tax authorities will introduce a new real time invoice-reporting regime, which will affect all VAT registered businesses in Hungary.

When introduced the regime will apply to all business to business (B2B) sales transactions made in Hungary with a VAT amount above HUF 100,000 (approx.€320). All businesses undertaking these types of transactions will be expected to declare the invoices to the Hungarian tax authorities at the same time as they are issued to the business customer.

The reporting requirements and details on how these will be reported via XML, can be found on the below website here

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