VATupdate

Reporting domestic purchase invoices list in Hungary

In Hungary, taxpayers must report the domestic purchase invoices list to NAV on a monthly base as part of the VAT return. Often this reporting requirement is a manual exercise, especially when due to threshold applicable, the number of invoices was limited. That changed starting 1 July 2020, the threshold was removed, and all invoices have to be submitted for the first time August 2020.

In the short term, we provide a workaround solution that is already used by our clients. KG provides data conversion services.

Source Richard Cornelisse

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