Hungary Releases Updated Specifications for Invoice Reporting

As long anticipated, Hungary has released the finalized specifications for version 2.0 of the invoice data reporting schema. At this time bilingual XSD documentation and Hungarian-only API documentation have been released. Tax authorities have indicated that full testing of the new schema is expected to be available in the test environment by the end of September, 2019.

The use of the new schema was originally scheduled to begin on January 1, 2020. The government’s most recent announcement, however, states that mandatory use of the new schema has been moved to the first quarter of 2020, with a more detailed implementation schedule to be released at a future date.

Sign up for Email Updates

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

Author

Andrew Decker

Andrew Decker is a Junior Regulatory Counsel at Sovos Compliance. Working within Sovos’ Regulatory Analysis Department, Andrew’s work centers on indirect taxes (VAT, GST, Sales Tax), with a particular focus on jurisdictions in Europe and Asia. Andrew is a member of the Massachusetts Bar with a J.D from Northeastern University School of Law and a B.A. from Bates College.
Share This Post