Tag Archives: Reporting

Hungary introduces live VAT invoice reporting as of July 2018

Starting with 1 July 2018, live reporting is mandatory for Hungarian VAT registered entities issuing invoices to another entity VAT registered in Hungary with an (output) VAT amount exceeding HUF 100,000 (approx. EUR 320). This also includes businesses established outside Hungary but registered for VAT in Hungary. The reporting to the Hungarian Tax Authority (HTA) has to be real-time, i.e. the 24-hours timeframe previously proposed was not implemented. Continue reading Hungary introduces live VAT invoice reporting as of July 2018