Summary
- Stricter Domestic Purchase Listing (“M-sheet”) rules, enacted under Act LXXXIII of 2025 and scheduled to apply from 1 July 2026, would have required taxpayers to report deducted input VAT on a per-invoice basis broken down by applicable VAT rate. The measure significantly increased granularity and administrative effort, prompting concern among businesses and advisers about compliance readiness, system reprogramming costs and the practical timing of implementation for affected VAT-registered enterprises. [kpmg.com]
- According to the government’s stated intention, although the statutory entry into force cannot itself be blocked, a legislative amendment will be tabled ensuring the tightened M-sheet obligations never need to be applied to any actual VAT return period. In effect, the more onerous per-invoice, rate-level reporting requirement is being neutralised before it produces real-world compliance consequences, giving taxpayers welcome relief and continuity with the existing reporting framework going forward. [kpmg.com]
- The reversal aligns with Hungary’s broader digital transition toward the eVAT (eÁFA) platform, which is expected to become the mandatory VAT filing channel from 1 January 2027. Rather than layering additional legacy reporting burdens onto the current returns, authorities appear focused on channelling data granularity through the new electronic system. Businesses should nonetheless monitor the amending bill closely to confirm final wording, scope and any transitional provisions once formally adopted. [vatcalc.com]
Sources
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