Hungary extends live invoice reporting to B2C Jan 2021
- Feb 21, 2020 | Richard Asquith
Hungary is to oblige taxpayers to submit B2C invoices in real-time to the tax authorities. Reporting features and thresholds will also change at the same time.
This extension of to B2C builds on the successful launch of Hungarian B2B real-time electronic reporting of invoices in July 2018.
In addition, the current HUF100,000 (€310) invoice threshold for reporting will be scrapped in Jul 2020. The exemption for intra-community supplies, domestic reverse charge and exports will still apply. For B2C invoices, they may be excluded when declared under the new 2021 One Stop Shop regime for distance sales.
Domestic purchases are excluded - only sales invoices are live reported in Hungary.
Changes to Hungarian reporting
Also, the government is to add a facility to allow taxpayers to download reported sales invoices from their suppliers. This will enable them to reconcile with their own purchase ledger and VAT return. There will also be changes to credit note reporting.
Since July 2018 Hungary has imposed real-time, electronic reporting of domestic B2B sales invoice data. The anti-VAT fraud reporting measure applies to all VAT registered businesses on invoices with a VAT element of HUF 100,000 (approximately €320) or more. The live reporting regime replaced the domestic sales ledger listing, which was filed monthly with the VAT return.
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