It’s busy for the Hungarian National Tax and Customs Administration (NTCA). Currently this public body is in the midst of overseeing a transition period for the real-time invoice data reporting system, from version 2.0 to version 3.0.
This new version will be mandatory for all taxable persons in the country from 1 April 2021 and the system upgrade that will be made available through the new version will significantly simplify reporting for businesses, should they choose to opt-in to some of the voluntary changes.
Among the key upgrades in the system is the reporting schema that lets taxable persons fulfill the reporting requirement by submitting an electronic invoice containing the full invoice data content. This optional e-invoicing feature is only available for B2B transactions.
Source: SOVOS
