EASYTAX, VAT fiscal representative
16 July 2021
Share on print
Share on facebook
Share on linkedin
Share on twitter
Share on email

Hungary – Extension of the Real Time Billing Scheme

Currently, all companies involved in B2B sales in Hungary, with a VAT amount exceeding HUF 100,000 (approximately $320), must declare their invoices to the Hungarian tax authorities at the same time as they issue the invoice to their customer.

From 1st July 2020, the threshold of HUF 100 000 will be abolished. As a result, all domestic transactions between taxable persons (B2B) will be obliged to declare billing data in real time. This will include reverse charge transactions but also those that are exempt from VAT. However, Intra-Community deliveries are excluded.

In addition, businesses will be required to report all invoices received for domestic purchases on the list of domestic sales and purchases. From January 2021, the Hungarian tax authorities have confirmed that they will extend their real time invoice reporting regime to cover B2C invoices and invoices relating to B2B Intra-Community supply of goods.



Rely on our experts to manage your international VAT obligations.

As mentioned in one of our previous news posts (VAT News in Romania), the Romanian National Tax Agency (ANAF) has announced that, from January 1st 2022, large companies will be...
You may remember that the Romanian National Tax Agency (ANAF) announced that from January 1st 2022, large companies will be required to file an SAF-T document (D406 informative declaration). The...
Since 1st January 2020, all suppliers or subcontractors eligible for direct payment of contracts with the French State, local authorities and institutions (B2G) must send their invoices in electronic form....
The Romanian National Tax Agency (ANAF) has announced that from January 1st 2022, large companies will be required to file a SAF-T document (D406 informative declaration) It would appear that...
Other VAT infoHungary
Mascot Easytax Long Sight

Tax Mag

VAT Updates per Month


Get the latest news about VAT in Germany and the European Union straight to your mailbox.

we respect your privacy