1 January 2025 obligation to use structured e-invoicing to prevent fraud From January 1, 2025, Hungary’s e-invoicing mandate will extend to all business transactions within the electricity and natural gas sectors, per Government Decree No. 273/2007 (electricity) and Decree No. 19/2009 (natural gas). This applies
Reverse charge; base calculations and import VAT The Hungarian 2025 tax package introduces key changes to VAT regulations, approved by parliament, effective over the next several years. See our Hungary VAT country guide section. VAT Base Reduction for Refunds:Following the Novo Nordisk Case (C-248/23), VAT
Risk of missing trader VAT fraud in natural gas wholesale markets prompts zero-rating 1 January 2025 Hungary has become the latest country to introduce the VAT reverse charge on domestic gas trading transactions. This removes the VAT cash payment on wholesale deals which are subject
Proposal to make online retailer platforms liable to 2.7% turnover tax Hungary is proposing to update its tax laws to make online platform goods revenues liable to the 2020 retail sales tax. If adopted, the new rules would come into effect on 1 January 2025.
E-invoices must be adopted for sales to non-consumer customers Hungary is to attempt to squeeze VAT fraud from the trading of electricity and natural gas. This is separate from the Hungarian real-time reporting obligation. Starting 1 January 2025, electronic invoicing for non-private person customers in
ePG upgrades live cash register fiscalisation regime July 2024 The Hungarian tax and customs administration (NAV) has announced a four-year roll out of new electronic registers for retailers to live report transactions and VAT, and produce e-receipts. ePG is replacing a certified cash register requirement
Raised thresholds for declarations for EU intra-community dispatches and arrivals to Hungary Hungary has raised its Intrastat reporting thresholds to the following levels from 1 January 2024: Arrivals HUF 270m (approx €705k) from HUF 250m in 2023 ; and Dispatches HUF150m (approx €390k) from HUF 140m
VAT compliance and reporting rules in Hungary 2024 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
NAV confirms eVAT (eÁFA) pre-filled VAT returns live Builds on RTIP real-time invoicing; initially voluntary pre-completed VAT returns and tax-code mapping service Hungary’s National Tax and Customs Administration (‘NAV’) confirmed on 1 January 2024 its new platform, eVAT, to enable taxpayers to freely access pre-filled
EU grants derogation for rise in threshold to reduce administrative burden for small taxpayers and authorities Hungary has been given permission by the EU to raise its VAT registration threshold from the Forint equivalent of €48,000 to €71,500 per annum. This would be one of
