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Hungary live VAT invoice reporting 2018

  • Jul 19, 2017 | Richard Asquith

Hungary live VAT invoice reporting 2018

Hungary’s Ministry for the Economy has provided further draft proposals on its July 2018 requirements for real time reporting of major sales invoices.

Key requirements include:

  • Sales invoices with output VAT above HUF 100,000 must be declared by VAT registered businesses to the tax authorities within 24 hours of issuance
  • Declarations must be electronic, via registered software
  • Invoice requirements are listed within a .xml schema, published by the tax authorities
  • Tax payers submitting invoice details will be excused from also providing the regular domestic recapitulative filing for sales invoices.  However, reporting on purchase invoices will still be required with a lower reporting threshold of HUF 100,000 input VAT.

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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.