Changes in the Rules of Invoice Data Disclosure and Invoicing

Hungary will extend online invoicing to all companies as of July 1. Since last July invoices with the VAT amount of HUF100,000 (€290) had to be submitted to the National Tax and Customs Administration (NAV) electronically.

Changes:

• From 1 July 2020, the value limit will be eliminated
• From 1 January 2021, the scope of the data disclosure obligation will be extended in terms of recipients of the invoices.

Sources:

• intellinews.com
• Grant Thornton

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