Hungary is introducing mandatory electronic invoicing for electricity and gas trading supplies starting January 1, 2025. The new regulation (Government Decree no. 273/2007) applies to business-to-business transactions, specifically for:
- Electricity traders
- Electricity distributors
- Transmission system operators
- Natural gas distributors
Importantly, the decree provides flexibility by:
- Not specifying a particular e-invoice format
- Not mandating a specific invoice exchange method
Businesses can use any electronic invoicing approach that is currently acceptable to the Hungarian Tax Authority. This approach allows companies to choose their preferred electronic invoicing system while ensuring digital documentation for electricity and gas trading supplies.
Source: sovos.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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