Companies will be obliged to declare on the electronic portal of the Hungarian Tax Administration (NAV) all invoices relating to sales of goods and services in Hungary, irrespective of their amount. This obligation applies to both Hungarian and non-resident companies. This obligation will enter into force :
- As of 1 July 2020 for invoices issued to taxable customers;
- As of January 1, 2021 for invoices issued for individual customers
A penalty of HUF 500 000 (approximately EUR 1 450) is foreseen for each invoice that is not declared online.
Source: Online Invoice – National Tax and Customs Administration of Hungary (NTCA)
