- Hungary is consulting on a new mandatory e-invoicing and e-reporting system for B2B and B2G transactions, moving away from the current real-time invoice reporting model.
- The new system will require structured electronic invoices, primarily exchanged via the Peppol Network, and will not apply to B2C transactions.
- Public feedback is invited until January 20, 2026, with phased implementation starting July 1, 2025, for energy sectors and January 1, 2026, for water utilities.
- Businesses must upgrade their systems and ensure compliance to avoid penalties, with the transition expected to increase efficiency.
- The consultation allows stakeholders to influence the final design of the e-invoicing mandate.
Source: meridianglobalservices.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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