VATLive > Blog > Hungary > Hungary scraps live reporting invoice threshold

Hungary scraps live reporting invoice threshold

  • Nov 22, 2019 | Richard Asquith

Hungary has proposed withdrawing the HUF100,000 (€310) invoice threshold on its live VAT invoice live reporting regime. The measure is scheduled for 1 July 2020.

The draft legislation also proposes that non-residents will enjoy the threshold for an extra year, to 1 July 2021.

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 new live reporting replaced the existing domestic sales ledger listing, which is filed monthly with the VAT return.

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. 

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 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.
VATlive newsletter