- Hungary will phase out its ÁNYK electronic tax filing system in 2026, requiring businesses to change how they handle VAT returns.
- The transition is not just technical; it demands more structured, transparent compliance, including new data flows, controls, and updated systems.
- Companies must review their entire VAT process, including governance and workflows.
- This change anticipates broader EU digital tax reforms, so preparing now will help multinational businesses adapt to future EU requirements.
Source: taxand.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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