Online invoice data reporting from July 1, 2018
We would like to inform you of the main changes of Act CXXVII. of 2007. on VAT effective from July 1, 2018:
According to the current rules, corporations has to submit a separate VAT report as an appendix to the regular VAT return to the Tax Authority listing all incoming and outgoing invoices for which the VAT amount is higher than HUF 1 million.
This HUF 1 million limit will be reduced to HUF 100,000 effective from July 1, 2018.
Additionally, those outgoing invoices where the VAT amount is higher than HUF 100,000 have to be reported online to the Tax Authority’s system.
-if the invoice is made by an invoicing software, it has to be automatically and immediately reported
-if it is handmade, within 5 days from issuance, via manual input on the Tax Authority’s website, if the VAT amount is higher than HUF 500,000, within 1 day from issuance
Failing to comply with those could result penalty up to HUF 500.000 per invoice.
For further details please check the following link:
It doesn’t matter how the invoice is prepared (electronic or handmade), registration is required for the reporting in ’NAV Online Invoice’ system.
Registration is available from 19, June on the following link:
Registration shall be made by the representative of the company at NAV, or the person who has permanent empowerment for NAV. Client Gate access is essential for the registration process.