Hungary to Introduce New eVAT System for Taxpayers Starting January 2024

• Hungary will introduce a new reporting mechanism called the “eVAT system” from 1 January 2024.
• The new system will be available to all Hungarian VAT registered taxpayers, but it will not be mandatory until at least 2026.
• During the transition period, companies can register on the new platform and test the eVAT system while still using the current ANYK system.
• The eVAT system will eventually be the only way to submit VAT data to the tax authorities.
• The system was supposed to be available for pilot testing from 1 October 2023, but technical issues have delayed its full operation.
• The eVAT system will be used for submitting VAT returns, but not for EC sales and purchase lists and local purchase listings.
• Data will need to be provided to the tax authorities in a fully automated way via an application programming interface (API).
• The data will need to be in a predetermined XML format, but the exact structure of the file is not yet finalized.
• The new system will include data validation during and after submission.
• Optional accounting data included in the XML file may replace the obligation of providing VAT ledgers during VAT audits.
• Draft returns will be prepared automatically by the tax authorities based on the XML file submitted by the taxpayer.
• Taxpayers can confirm or resubmit the XML file if they disagree with the VAT figures generated by the tax authorities.

Source: taxathand.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.

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