- The Hungarian Tax Administration, known as “NAV,” is developing a new online platform called eVAT (eÁFA) for automatic exchange of transactional data for VAT Returns.
- The platform will have an analytical component using real-time reporting from various sources.
- Taxpayers can generate templates to access specific information for their VAT returns.
- The system will cross-reference the uploaded XML file with existing information and halt the submission if there are discrepancies, requiring further examination.
- The live environment is expected to be available by early 2024, offering a web interface for managing fewer than 100,000 invoices and a machine-to-machine (M2M) connection for larger volumes.
- Users must understand standard tax codes and meet technical conditions for M2M connection readiness.
- The system conducts tests during M2M data upload, sending ERROR or WARNING messages.
- In essence, eVAT provides flexible options, emphasizes tax code knowledge, and requires technical readiness for M2M, as well as understanding system messages for successful tax return submissions.
Source SNI
Click on the logo to visit the website
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Hungary"
- Hungary shares its perspective on the ViDA implementation
- Hungary Introduces New E-Cash Register and E-Receipt Rules with Real-Time Reporting and 10-Year Storage
- Hungary to Mandate Digital Receipt Reporting, Phasing Out Paper and Traditional Cash Registers by 2028
- Hungary Requires Digital Receipt Reporting for Businesses Without Cash Registers Starting September 2026
- Hungary Proposes Reverse-Charge VAT to Curb Fraud and Stabilise Fresh Produce Sector
