VATLive > Blog > Hungary > Hungary live reporting update Apr 2020

Hungary live reporting update Apr 2020

  • Sep 27, 2019 | Richard Asquith

Hungary is to update the requirements on its live VAT invoice reporting regime from April 2020. The changes affect invoice details and submission requirements.

Hungary introduced live invoice reporting in July 2018, covering B2B domestic reporting on invoices about HUF100,000. This requires tax payers to submit electronic invoice details to the tax office in batches within a day of the creation and posting of the invoice.  There is no pre-issuance invoice clearance (as in Italy’s SdI) required.

Invoice changes include: changes to invoice issuance and number changes; changes to credit and debit note numbering formats; inclusion of delivery date for goods; and requirements for calculation of VAT liabilities in Hungarian Forint at the line level, including VAT rate used.

The submission requirement changes include: an updated API; details of invoicing software used; and updated API encryption signature.

Need help with your Hungarian VAT compliance?

Researching Hungarian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He can be contacted at: He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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