- Mandatory E-Invoicing Introduction: Starting January 1, 2025, Hungary will require mandatory e-invoicing for all non-consumer transactions in the electricity and natural gas sectors, affecting suppliers, traders, distributors, and transmission system operators, as well as non-private entities like partnerships and corporations.
- Flexibility in Formats: The decree permits various invoice formats approved by the Hungarian tax authority but mandates that e-invoices be electronically archived in compliance with VAT requirements.
- Emphasis on Digital Storage Compliance: Businesses must ensure they have compliant digital storage solutions in place, and as the deadline approaches, it is crucial for companies to review and implement the necessary electronic archiving processes.
Source SNI
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