North America

Hungary Expands Scope of Real-Time Reporting

Victor Duarte
November 26, 2019

This blog was last updated on November 26, 2019

Since July 2018, taxpayers in Hungary have been obliged to disclose the data of electronic invoices issued for transactions with accounted VAT exceeding HUF 100,000 (approximately €300). This data must be transmitted to the National Tax and Customs Administration of Hungary (NAV) in a structured manner once the electronic invoice has been issued.  This fiscal obligation is widely known as real-time reporting.

The real-time reporting frameworks in Hungary are currently undergoing a transition and a new and more robust reporting version 2.0 is being implemented.  It is expected that this will go live by February 2020. However, Hungarian taxpayers will be able to use the current reporting version 1.1 until 1 April 2020.  After this date, version 2.0 will become mandatory for all taxpayers who are obliged to submit the real-time report and the previous version will no longer be accepted. 

Earlier this month, the Ministry of Finance in Hungary announced a package of measures and proposals as part of its Economic Action Plan for 2020. Some of the measures are focused on improving VAT compliance with a proposed extension to the obligation to issue an invoice or receipt for the suppliers of most VAT exempt services.  These include education, property, and private healthcare services.

With a view to expanding the scope of the mandate on real-time reporting further, the Ministry of Finance has published a proposal to remove the current value threshold during 2020. As a result, most invoices issued by taxpayers in Hungary will have to comply with the new reporting obligation.

Take Action

To find out more about what we believe the future holds, download Trends: e-invoicing compliance and follow us on LinkedIn and Twitter to keep up-to-date with regulatory news and other updates.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Victor Duarte

Victor is a Regulatory General Counsel at Sovos. Based in Stockholm and originally from Venezuela, he obtained a Law degree and a specialisation degree in Tax Law in his home country. Victor also earned a Master´s degree in European and Internal Tax Law from Lund University in Sweden.
Share this post

Supreme Court Peters v. Cohen
North America Unclaimed Property
August 5, 2025
Supreme Court Petition Challenges State Unclaimed Property Laws: Peters v. Cohen

This blog was last updated on August 5, 2025 Supreme Court Peters v. Cohen: Major Unclaimed Property Case By Freda Pepper, General Counsel, Unclaimed Property Sovos regulatory team is tracking the latest Supreme Court Peters v. Cohen, a landmark case that raises fundamental questions about how state unclaimed property laws handle dormant assets and the […]

NAUPA III file format
North America Unclaimed Property
August 5, 2025
NAUPA III File Format: What Compliance Teams Need to Know

This blog was last updated on August 5, 2025 The National Association of Unclaimed Property Administrators (NAUPA) has approved a major update to their electronic reporting standards with the introduction of the NAUPA III file format. This significant advancement in unclaimed property reporting represents a modernization effort that aims to streamline the submission process while […]

See for yourself how the Sovos Compliance Cloud can meet your business' unique tax compliance challenges.
Book a Demo
© 2025 Sovos Compliance, LLC. All rights reserved.
Why Sovos?
Resources
About
Products
Indirect Tax Suite
Information Reporting and Withholding Suite
Specialty Products
Solutions
By Tax or Document Type
By Industry
By Team or Initiative
By Region