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Hungary amends VAT Act – Real-time reporting affects all

The Hungarian Ministry of Finance had a productive end to the decade. As outlined in an earlier article, the MoF announced a package of measures and proposals as part of its Economic Action Plan for 2020.  The aim of the plan is to improve VAT compliance and reduce fraud.  A bill to amend the laws implementing certain tax measures in the Hungarian VAT Act was formally proposed – and the bill was ultimately adopted by the Hungarian Parliament in November 2019.

Source Sovos