- The Hungarian tax office has proposed changes to tax laws effective from 1 July 2025.
- VAT law amendments aim to expand digital reporting, align with EU rules, improve exemption clarity, and tighten compliance for sectors like travel, energy, and e-commerce.
- eVAT reporting updates include reclassifying warning messages to error messages in the Online Invoice System.
- Enhanced reporting obligations require businesses to report all invoices and e-receipts, with special rules for non-resident businesses.
- Penalties for non-compliance with Online Invoice Reporting will increase, and a data matching procedure will be introduced.
- Expanded reverse charge rules apply to B2B goods supply when the buyer declares they are a taxable trader.
- VAT registration threshold will rise from HUF 12m to 18m.
- Changes to inheritance and agricultural VAT exemption require active choice for exemption by widows, heirs, or relatives.
- Declaration deadlines for exemption must be submitted by year-end of the previous year.
- Restrictions on tax-exempt sales apply to transactions involving new means of transport.
- New invoicing rules for travel agencies allow flexibility if the customer is not a taxable person.
- Other technical amendments are included.
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.
