Hungary advised recently that ‘live VAT invoice reporting’ will proceed from the 1st July, 2018.

The requirements relate to VAT invoices above HUF100,000.00. The timing of reporting has been tightened up since the last update, and the choice to report within 24 hours of the issuance of any invoice has been removed. Submissions should therefore be real-time.

The Hungarian tax office has issued details of the invoice schema for eReporting, but the test site for software developers is still not live.

amavat^® provides a one-stop-shop solution for VAT Compliance within Europe. We assist clients with a single point of contact that speaks their language and handles all VAT related issues with a standard and cost efficient approach.

If you have any queries or questions, please do not hesitate to contact amavat^®.

To find out more information please visit www.amavat.eu