VATupdate
VAT

VAT penalty relief, invoice reporting requirements effective 1 July 2020 (COVID-19)

Under value added tax (VAT) changes that are effective 1 July 2020, all invoices issued to Hungarian domestic taxpayers must be reported online to the tax authority; thus, the current threshold of HUF 100,000 for electronic reporting will cease to apply.

Source: KPMG

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