New target date: 1 July 2018
The Ministry for National Economy announced that the planned online invoicing requirements will not be in force before July 2018. It will be available for testing from July 2017, but they want to give enough time to develop a proper system and to get used to the new regulations.
No change in the VAT returns this year
It was planned to increase the volume of data related to the VAT returns as from July, but it is now postponed. As we also informed you earlier, the threshold of reporting individual transactions should have been reduced to HUF 100,000 VAT per month, but it will remain now at HUF 1,000,000 as it is now.
Follow our Newsroom for future updates on this and other relevant questions.
Once per month we will send you an article keeping you up to date with the latest trends and developments in accounting, taxation or legal fields.