VAT compliance and reporting rules in Hungary 2023 Below is summary of the major rules provided under Hungarian VAT rules (LVAT (Act CXXVII of 2007) Hungarian VAT Act.), plus adoption of EU VAT Directive provisions. See our country VAT guides. Our VAT Calculator & VAT Filer products
SAF-HU may be launched mid-2023 following COVID-19 delay Hungary’s National Tax and Customs Administration (NAV) has launching a pilot of the OECD’s Standard Audit File for Tax (SAF-T). It has already completed a public consultation at the start of 2021. Given the ongoing COVID-19 emergency,
Hungary has introduced online-linked Value Added Tax cash register requirements in 2014. This was extended in 2017 These pre-certified registers report taxable transactions to the Hungarian NAV tax office each day to help prevent and detect VAT fraud. An estimated 250,000 businesses in Hungary have
Second postponement for pre-completed VAT returns due to ongoing COVID-19 crisis; no clear plans to set implementation date The Hungarian tax and customs authority, NAV, suspended the introduction of pre-filled VAT returns, eVAT. Based on real-time RTIR invoice reporting regime introduced in July 2018, eVAT,
Beginning of end of self-prepared VAT returns Hungary is to join Italy and Spain in offering taxpayers pre-completed VAT returns – eVAT – from 12 November 2021. They were originally planned for 1 July 2021, but the National Tax and Customs Administration (NAV) had to
Real-time invoice reporting phased to pre-filled VAT returns plans suspended Hungary first introduced live invoice reporting in July 2018 for B2B transactions above HUF 100,000. The regime has since been extended to all transactions – B2C consumer (April 2021) and the threshold withdrawn (June 2020).
Mandatory electronic reporting of goods freight movements to fight VAT fraud Hungary has launched (February 2021) an electronic registration portal for mandatory notifying the tax authorities of qualifying cross-border freight transport. It is aimed at ensuring and stocks movements may be verified against subsequent VAT
Hungary has increased its standard Value Added Tax rate from 25% to 27% from 1 January 2012. This indirect tax rise is to help stabilise the government’s rising deficit with the aftereffects of the 2007/08 financial crisis and the ongoing Euro currency crisis. The reduced
