VATupdate
VAT

No penalties can be expected until the end of September 2020 in relation to invoice data reporting

The Hungarian Tax Authority has recently published an official statement regarding the data reporting obligations applicable as of 1 July 2020 – related to the online invoice data reporting obligation, and the domestic recapitulative statement (M sheets of the VAT return) requirements – and announced a moratorium period for penalties.

Source: PwC Hungary

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