Hungary: New eVAT platform supporting M2M API to launch in 2024
The Hungarian Tax Administration “NAV” will introduce a new online platform called eVAT (eÁFA).
The plans for this online platform are to support a machine-to-machine transmission of transactional data for the VAT Return via XML or otherwise called M2M API.
In addition, the platform will have an analytics part which derives its information from real-time invoice reporting (eSzámla), data from cash registers, data from customs and other systems.
Through the analytics, the taxpayers can create various templates to see the information they desire, including how their VAT return will look like and what amounts it will include.
The taxpayer must upload their XML and the system will compare the provided data with the one already available. If there are some mismatches it will block the filing of the VAT Return and investigation should be made.
The eVAT M2M System is still in development and the technical documentation provided is constantly changing, but a live environment will be available in the beginning of 2024.
Stay Up to Date
Each month we feature the latest news trends and topics covered by the Taxback International experts. For monthly news and regulatory updates subscribe to our VAT Newsletter.
Work with real VAT experts
With over 15 years’ experience in the area of VAT compliance and consultancy, we handle all countries and languages where VAT obligations exist. We have a dedicated & centralized team of VAT experts, with a reputation of excellence within all global tax offices ready to speak to you about your VAT obligations.
Taxback International
For over 25 years Taxback International has been a world leader in VAT consultancy and compliance providing expert support to more than 12,000 global clients including Apple, Google, IBM, and Twitter.
With increasing digitalization of global tax processes, we have developed tailored technology solutions to solve challenges facing companies today.
- Comply – End-to-end VAT compliance platform.
- TBI Pay – Streamlined cross-border payments technology.
- VAT Connect – Cloud-based, automated review of transactional data and images via AI and Machine Learning for Domestic and Foreign VAT Reclaim.