- Hungary is planning to introduce mandatory e-invoicing and real-time reporting for domestic B2B, intra-EU B2B, and B2G transactions, as part of implementing the EU’s VAT in the Digital Age (ViDA) package.
- Paper invoices will still be allowed for B2C and non-EU transactions, but all invoices must be created in XML format compliant with the EN 16931 standard.
- Real-time reporting will be required for both sellers (in real-time) and buyers (within 5 days of receipt) for relevant transactions, with additional status reporting by buyers at the VAT return deadline.
- Hungary will use a five-corner model involving sellers, buyers, their service providers, and the tax authority, and will join the PEPPOL network for secure invoice transmission (PEPPOL use is optional).
- All invoicing software must be accredited through a self-service process to ensure compliance with technical and legal requirements.
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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