- The EU’s VAT in the Digital Age (ViDA) reforms, effective from April 2025, will digitize VAT administration across Europe by 2030.
- Key changes include the “deemed supplier” rule for platforms (effective July 2028 or by January 2030) and mandatory e-invoicing and digital reporting for cross-border B2B and B2G transactions by July 2030.
- The reforms aim to reduce VAT fraud and promote economic digitalization.
- Hungary will overhaul its invoicing and data reporting systems, enabling real-time data exchange and automation, and may join the Peppol Network for international interoperability.
- The Hungarian tax authority will introduce new digital services to support electronic invoicing and assist taxpayers.
Source: ceelegalmatters.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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