- Hungary will launch the new eVAT System by January 2024
- The system will be first implemented voluntarily by taxpayers who want to test it
- The eVAT system will be available to all VAT-registered taxpayers in Hungary
- It will not be mandatory until at least 2026
- The system aims to meet taxpayer’s needs and reduce administrative burden
- Companies can register on the new eVAT platform and test its functionalities during the transition period
- The eVAT system will become the only platform for submitting VAT returns after a designated date
- Key features of the eVAT system include access to tax authority data, tax codes and VAT analytics, automated tax coding, extensive validation, and user rules
- All data must be submitted in XML format, with the exact structure yet to be finalized
- Updates and details about the eVAT system are regularly published by the Hungarian tax authorities.
Source: marosavat.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.
