- Hungary’s National Tax and Customs Administration (NAV) will launch a new platform called eVAT from January 1, 2024.
- The platform will provide taxpayers with pre-filled VAT returns based on transaction level data reported by taxpayers.
- It will likely replace the existing monthly Control Statement for domestic sales and purchases in Hungary.
- Small taxpayers can use an online portal to add missing transactions, make changes, and access pre-filled VAT returns.
- Larger taxpayers can submit their transaction details in electronic form using machine-to-machine communication via a dedicated API.
- The platform will validate the data and allow taxpayers to check their pre-filled draft VAT return, helping to identify discrepancies.
- The eVAT platform is open to resident Hungarian businesses and foreign businesses with a Hungarian VAT registration number.
- It aims to reduce administrative burdens, tax audits, tax fraud, and the VAT gap, while providing taxpayers with useful analytic tools.
Source: meridianglobalservices.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
