Changes in the Hungarian Reverse Charge on Construction
The Hungarian reverse charge mechanism for construction services applies only to activities subject to official authorization or notification to an authority.
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Hungary will Launch the New eVAT System
Hungary will launch the new eVAT System, the new VAT reporting portal, by January 2024. The portal will be first implemented voluntarily by those taxpayers who want to test it.
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Hungary introduced an extended EPR obligation by 1 July 2023
Hungary introduced an extended EPR obligation by 1 July 2023 as part of a waste management system. The EPR will simultaneously apply together with the original EPF.
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Hungary plans to introduce SAF-T shortly
SAF-T introduction in Hungary is expected to be mandatory in the short term, after previous postponement due to Covid.
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No RTR penalties for foreign e-commerce in Hungary until July 2021
The Hungarian tax authorities announced that there will not be imposed penalties for distance sellers until 30 June 2021. Also, those planning to utilize OSS will be exempt from the real time reporting obligation.
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Penalties waived on new Hungarian real time reporting until March 2021
As a COVID-19 simplification, Hungary will not apply penalties on Real Time Reporting obligation during the first three months of 2021.
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Hungarian real-time reporting to be required on B2C sales
The Hungarian authorities announced important changes on the current real-time reporting data requirement
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Hungarian Real-Time Invoice Reporting As From July 2018
On 1 July 2018 comes into force the Hungarian real-time invoice reporting obligation.
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Hungary extends the Food Chain Supervision Fee (FCSF) to foreign businesses registered for VAT
Hungary extended the scope of the food chain supervision fee (FCSF) to foreign businesses registered for VAT in Hungary.
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More information on real-time reporting in Hungary
Last 1 July the Hungarian authorities published more information about the new real-time reporting requirement to be introduced as from 1 July 2018.
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Hungarian real-time reporting postponed
Real-time reporting in Hungary was postponed, the date in which the system will enter into force changes from 1 July 2017 to 1 July 2018.
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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.