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Hungary: Government Submits Tax Bill

  • Most invoices will have to be submitted online. At present, only invoices for amounts of at least HUF100,000 (USD330) are submitted using Hungary’s real-time invoice reporting system, which came into force on July 1st 2018.
  • The bill will require suppliers of most VAT-exempt services, such as private healthcare, education, and real estate sales, to issue an invoice or receipt

Already approved:

  • A reduction in the VAT rate on supplies of hotel and accommodation from 18% to 5%.

Source Taxback