Amongst others, as a technical change to the invoicing rules, from 1 July 2020 the first eight digits of the purchaser’s VAT number must be indicated on the invoice issued to another Hungarian VAT entity. Currently and until that date, this is required only for invoices having a VAT amount in excess of HUF 100,000.
The Hungarian tax authority will not stop here; from 1 January 2021 the data reporting obligation will cover invoices issued even to non-taxpayers as well as invoices issued on the intracommunity tax-exempt supply of goods, export transactions (practically, all transactions having place of supply in Hungary) and the cross-border provision of services if the service recipient entity is liable to pay the VAT under the reverse-charge mechanism. The only exemption will be the sale of goods and supply of services to be reported through the MOSS system.
Source: WTS
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