Hungary to Crack Down on VAT Fraud in Electricity and Gas Trading with Electronic Invoicing

• Hungary is cracking down on VAT fraud in the trading of electricity and natural gas
• Separate from the real-time reporting obligation
• Starting January 1, 2025, electronic invoicing required for non-private person customers in these sectors
• Non-private person customers include entities, partnerships, trusts, corporate companies, and NGOs

Source: vatcalc.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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