- Hungary’s National Tax and Customs Office has released a document outlining their approach to implementing the ViDA package, primarily focusing on mandatory e-invoicing for both domestic and cross-border transactions.
- ViDA will fundamentally transform invoicing in Hungary by requiring real-time invoice data exchange with the Tax Authority, creating a continuous digital data flow, and introducing a new “AOR” reporting obligation for buyers within 5 days of receiving invoices.
- The new e-invoicing system will follow a five-corner model where invoices are transmitted via invoicing software or accredited service providers, and will require compliance with the EN 16931 European standard, while email distribution of invoices will no longer be permitted.
Source: vatabout.com
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
- Join the LinkedIn Group on ”VAT in the Digital Age” (VIDA), click HERE
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