Hungary: Real Time Reporting

Hungarian authorities have recently announced some changes to the current real-time reporting data requirement.

The current real time electronic reporting system has been in place since 1 July 2018 and it is mandatory to send an electronic declaration of invoice data issued with a value of more than HUF 100,000 (€320) in VAT.

New requirement for real time invoice data reporting

The online invoice reporting obligation will be subject to some changes over the coming years.

A new requirement for real time invoice data reporting will come into effect from 1 April 2020, “Version 2.0”.

This will affect the format of the data and the security around communication.

It will mean that the data reported will be even more precise (delivery date rendered reported even if this is not included on the invoice), VAT amounts in HUF for line items and new index number introduced for debit/credit notes).

HUF threshold changes

Another change will be implemented from 1 July 2020 – the HUF threshold of HUF 100,000 for invoice data reporting will be scrapped.

From July 2020, all invoices will need to be reported if they are issued by a business that is registered for VAT in Hungary in relation to goods and services sold to another taxable entity that is registered in Hungary where the place of supply is located in Hungary.

This new obligation includes reverse charge or VAT exempt invoices and the summary purchase list (M pages) will need to include all invoices reported for deduction in the specific period.

Changes introduced from 1 January 2021

The next change will be introduced from 1 January 2021. The range of invoices to be reported will expand and B2C sales will need to be reported in real-time to the Hungarian Tax Authorities. Invoices issued to intra-Community companies must also be reported to NAV.

Hungary VAT Guide

View our Hungary VAT Guide to find the most current VAT information for Hungary including VAT rates, registration requirements, deadlines, EKAER and real-time reporting requirements.

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