- Hungary has published its ViDA implementation plan, signaling major VAT reform.
- The reform introduces mandatory e-invoicing and real-time data exchange for both domestic and cross-border transactions.
- New buyer reporting obligations (AOR) require buyers to report received invoices within five days.
- All e-invoices must comply with the EN 16931 European standard, and email-based invoicing will be replaced by a secure, tax authority–integrated system.
- No detailed implementation timeline or technical specifications have been provided yet; further guidance is expected.
Source: fiscal-requirements.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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