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New Hungarian Regulation on Invoicing

By October 19, 2015July 10th, 2021No Comments

The invoicing software has to be registered to the tax authorities since October 2014. As of 1 January 2016, the invoicing software must have a special …

A new Hungarian regulation on invoicing has to be applied from 1 January 2016.

The invoicing software has to be registered to the tax authorities since October 2014. As of 1 January 2016, the invoicing software must have a special data export function for the tax authorities. By using the new function the tax authorities must be able to export reports of invoices issued in a given period of time and in a given range of invoice numbers.

The required data format of the new feature (xml and xsd) has been published in a Ministry decree.

The tax authorities confirmed that:

  • the new rules have to be applied by Hungarian VAT registrations of foreign companies, too,
  • it is allowed to define this function as a separate module of the original software (instead of implementation as an integrated feature),
  • the documentation of the software has to be updated with the description of the new function

If the software does not fulfil the requirements above, the tax authorities may levy a default penalty of up to EUR 1700.

 

Ákos Cseuz
ABT Treuhand Group