Based on the recently modified Hungarian VAT Act, in case of
invoices issued in connection with transactions between resident
taxpayers, the issuer of the invoice is obliged to report data from
the invoice to the tax authority if the output tax is equal or
above HUF 100,000. The goal of this obligation is the reduction of
tax evasion and the whitening of the economy.
The data-reporting can be carried out on a special online
surface in case of paper invoices, or, in case of electronic
invoices, by the invoicing system itself. The deadline of
data-reporting depends on the type of the invoice and the amount of
the output tax. In case of a paper invoice containing more than HUF
100,000, but less than HUF 500,000 of output tax, the data have to
be provided to the tax authority within 5 days from the date of
issuance of the invoice. If the output tax is equal or above HUF
500,000, the data have to be provided on the following day of the
issuance at the latest. The data of
