Hungary – VAT obligations of foreign businesses


The Hungarian National Tax and Customs Administration issued a guide on the VAT liability of foreign companies in Hungary. Please see below the extract.

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Hungary – real time reporting as from 1. January 2021 and self billing arrangements, penalties to be expected as from 1 of April 2021


As of 1 January 2021, the scope of invoices to be reported was expanded, as the invoices issued to non-domestic (i.e. EU or non-EU) tax payers and non-taxable persons also have to be reported, thus the invoice data issued in relation to an intra-Community and export supplies are subject to reporting obligation as well.

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Hungary – tax measures in response to COVID-19


The following measurements were introduced by the Hungarian government in the government regulation Nr 47/2020 in response to the coronavirus-situation (COVID-19) effective as of 19 March 2020:

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Hungary – changes in the field of digital reporting as from 1 of April 2020


The Hungarian online reporting is effective for invoices with the VAT content above HUF 100,000 issued after July, 1 2018. This online invoice reporting obligation will be subject to significant changes over the coming years.

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OECD – Technology Tools to Tackle Tax Evasion and Tax Fraud


Technology offers critical solutions to prevent, identify and tackle tax evasion and tax fraud, says OECD.

31/03/2017 – Technological solutions offer a clear path for dramatically reducing tax evasion and tax fraud, which cost governments billions in lost revenue annually, according to a new OECD report.Read More »

Hungary – changes in 2017


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 »

CEE VAT antifraud conference – Budapest


PwC_farbigAs already announced the CEE VAT antifraud conference took place on November 19, 2015.

Officials from the ministries of finance and economy of five CEE countries (Czech Republic, Hungary, Poland, Romania and Slovakia) have called for a Joint Approach to combat VAT fraud and increase VAT collection in a conference hosted today by PwC in Budapest.Read More »

Hungary – Data export requirements effective as from 1 of January 2016


Photo_RGB_R_CAN_TR_D1_CM1_6401.jpgCorus Entertainment - One of Canada's largest media companies with a focus on children's televisionAs of 1 January 2016 in accordance with a new regulation (Decree of the Ministry for National Economy No. 23/2014, the „Invoicing Decree”) invoicing software must include a new function called “data export for tax authority review” (adóhatósági ellenőrzési adatszolgáltatás) and must be able to extract invoicing data either for a certain invoice (number) range or for a certain period. Read More »

CEE VAT antifraud conference – Budapest


I am delighted to invite you to the “Mind the VAT Gap! CEE VAT antifraud conference”organised by PwC.

The event takes place on November 19, 2015, in Budapest starting at 8:30 am.

The CEE VAT antifraud conferenceaims to bring together the public finance officials of the 5 CEE countries along with European Commission tax specialists, leading tax consultants and business representatives, in order to find the best ways to tackle the issue of VAT tax evasion throughout the CEE region. Read More »

License for importation self-assessment in Hungary


Hungary is the country with the highest VAT rate (27% standard rate) within EU. In case of a business model where the importation of the goods cause negative cash flow effect due to high recovery position of import VAT one should be proactively thinking to get a license for importation self-assessment. It’s a license that can be obtained from the National Tax and Customs Authority by companies if they meet the following requirements: Read More »