Hungary real-time sales invoice reporting proposal
Businesses registered for VAT in Hungary will be required to electronically report issued invoices with a VAT amount above HUF 100.000 to the Hungarian Tax office without delay but within 24 hours after issuance.
Businesses will be required to register their invoicing software and communicate the invoice details in a predefined way (.xml). The invoices need to be issued by a software that is capable of communicating to the Hungarian Tax office.
The aimed startdate for this is July 1, 2018. The draft regulation communicates that the Hungarian Tax office will soon open testing possibilities, so that businesses have enough time to prepare.
It is still a proposal but we recommend to investigate your invoice software and whether this software is acceptable in Hungary.
Please feel free to contact us in case you have any questions, we will gladly support you with your Hungarian VAT compliance.