• VAT news
  • Hungarian real-time reporting postponed

    Hungary postponed the date in which real-time invoice reporting will enter into force from 1 July 2017 to 1 July 2018. This extension gives an additional 12-month period for businesses to adapt their ERP systems to new IT requirements of the Hungarian tax authorities.

    According to the new rules and as explained in our previous article , companies will need to send each invoice for approval of the tax authorities before it is sent to the client. The authorities will respond with an approval code that will be stated on the invoice.

    The threshold for the invoices pre-approval applies only where the VAT amount...

    Read more
    By Marosa EU VAT Hungary Published 19/06/2017 18:41

    Hungarian real-time invoice pre-approval

    In a similar announcement to that made in Spain last month , the Hungarian tax authorities recently published that they will require real-time invoice reporting from all VAT registered businesses.

    The Hungarian electronic invoice reporting will consist on a pre-approval of the invoice made by the authorities, who will respond to the electronic query providing an invoice number that must be stated on the document.

    The sales subject to this requirement are B2B sales with a VAT amount above HUF 100,000. The equivalent of this limit is €320, which is a low threshold for most foreign VAT registered companies....

    Read more
    By Marosa EU VAT Hungary Published 29/01/2017 22:00

    EKAER returns expanded

    The Hungarian tax authorities have changed the definition of qualified vehicle requiring the submission of EKAER returns to include vehicles weighting more the 3.5 tons. This change should increase the scope of the new return and reduce artificial avoidance schemes of this obligation.

    EKAER is a new reporting obligation introduced in Hungary in 2015. This return requires all registered taxpayers to report granular information about all movement of goods into or within Hungary. The information required includes license plates of the trailer transporting the goods, origin and destination address,...

    Read more
    By Marosa EU VAT Hungary Published 31/08/2016 15:16

    Real time VAT ledgers in Hungary

    Following the changes announced on ERP and invoicing software requirements in Hungary , the Hungarian government recently announced that businesses issuing invoices using an invoicing software will be required to provide real time data regarding these invoices. The real time data provision will have to include all transactions in which another business with a Hungarian tax number is involved and the invoice includes at least 100,000 HUF VAT.

    The new real time data providing requirement will be introduced in two steps. As the first step from the 1 January 2017 (as a test phase) it will be optional to provide...

    Read more
    By Marosa EU VAT Hungary Published 30/06/2016 10:17

    Hungarian ERP and invoicing software requirements

    Parallel to the changes in the obligation to provide a summary statement, the requirements regarding invoicing software will also change according to the new government proposal.

    As you may know from 2014 businesses issuing invoices from their Hungarian VAT number are required to inform the authorities about the invoicing software they use. The invoicing software used must comply with strict requirements such as sequential numbering of the invoices, etc. Failure to use the appropriate software and failure to report it results in administrative penalty of up to EUR 1,700. Examples of inappropriate...

    Read more
    By Marosa EU VAT Hungary Published 30/06/2016 10:10
    Icon home blog ca7b3ba01dfab1e0566929f5563f0e0cf92d499b0f0f8eb0a6391edf690700d7


    Stay on top of all legislative changes in every European country. Our newsletter focuses on compliance practical matters. Subscribe now free of charge.

    Subscribe to our Newsletter


    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97

    Marosa provides a one-stop solution for VAT obligations in all European countries. 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.

    Recent articles

    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97


    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97

    Austria Archiving Belarus Bulgaria Cyprus Estonia France Germany Greece Hungary Ireland Spain Financial services Belgium VAT rates e-commerce Italy Kosovo Latvia Lithuania Poland Serbia Slovakia Slovenia UK European Union Czech Republic Reverse charge Russia Switzerland Denmark Finland Portugal Norway Sweden Luxembourg The Netherlands Croatia Romania Iceland Malta