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
