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Hungary – Online invoice reporting – 3 months sanction-free period

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In June 2020, the Hungarian Tax Administration announced the extension of the mandatory online invoice reporting system.

From 1 July 2020, Hungarian and foreign companies will be obliged to declare on the electronic portal all invoices relating to BtoB sales of goods and services in Hungary from 1 July 2020.

A penalty of HUF 500,000 (approximately EUR 1,450) is foreseen for each invoice that is not declared online.

Due to the Covid-19 crisis and its impact on the economy, the Hungarian tax administration announced, as of 1 July 2020, the introduction of a 3-month tolerance period during which no sanctions would be applied in case of non-compliance with these new obligations.

Source : Hungarian tax administration

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