Tag: domestic sales

Hungary – changes in 2017

Michaela Merz1 Comment

427619_web_r_k_b_by_lars-paege_pixelio-deThere is number of changes which you need to know in case you are registered for VAT purposes in Hungary.

I.) VAT ID of the customer on the invoice

The new regulation of the Hungarian VAT Act, effective from 1 January 2017, obliges taxpayers to indicate the first 8 digits of HU VAT ID of the customer on their domestic sales invoices as well, if the VAT of the invoice reaches or exceeds HUF 100,000 (approx. EUR 320), and if the taxpayer providing the services/selling the goods is established in Hungary. Read More »

Italy – changes in the use of VAT warehouse as from 1 of April 2017

Michaela MerzLeave a comment

477118_web_r_by_barbel-jobst_pixelio-deWith effective date April 1st, 2017, significant changes will be introduced in relation to the use of the VAT warehouse and the way to account for VAT following the withdrawal of the goods.

In particular, art. 50-bis of Law Decree no. 331/1993 (the provision regulating VAT warehouse simplification in Italy) has been amended as follows:Read More »