Hungarian VAT invoice requirements
Date of issuance and storage of Hungarian invoices
Hungarian VAT invoices must be issued at the latest fifteen days after the taxable supply. Invoices must be stored for eight years. Hungary, like all EU member states, now permits the use of electronic invoices under certain conditions.
Hungarian invoice requirements
Invoices must contain at least the following basic information:
- Date of issuance
- A unique, sequential number
- VAT number of the supplier
- Full names and addresses of the supplier and customer
- Full description of the goods or services provided
- Details of quantities of goods, if applicable
- A date of the supply if different from the invoice date
- The net, taxable value of the supply
- The VAT rate applied, and the amount of VAT (in HUF if the invoice has been issued in a different currency)
- Details to support zero VAT – export, reverse charge or intra-community supply
- The total, gross value of the invoice
Latest Hungarian news
December 12, 2018
On 12 December, the European Commission published details of a new rule which would make large online marketplaces responsible for calculating, collecting and remitting VAT on certain B2C cross-border transactions below €150. Where goods are imported by an EU or non-EU merchant, and then sold via a marketplace in another EU country..
October 17, 2018
Hungary has received permission to introduce an VAT registration threshold for businesses of HUF 12 million from 1 January 2019. This is approximately €48,000,...
September 7, 2018
Hungary has declared the 1 July launch of its new live VAT invoice reporting regime a success. Over 250,000 tax payers have now started...
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