UPDATE: Hungary to introduce real time VAT invoice reporting

31 May 2017

Hungary have postponed the introduction of the new real time VAT invoice reporting regime from 1 July 2017 to 1 July 2018.

When introduced the regime will apply to all business to business (B2B) invoices with a VAT amount above HUF 100,000 (approx.$360). Businesses involved in these types of transactions will be expected to declare them to the Hungarian tax authorities prior to sending them to their customer. The businesses will then be given a unique invoice number from the authorities that they must show on the sales invoice that they issue to their customer.

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