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Hungary: New invoice numbering regime, tariff and VAT rules

Hungary: Invoice numbering regime, tariff and VAT rules

Effective 1 July 2019, invoices for goods and services must contain certain tariff headings and numbers that apply for value added tax (VAT) purposes.

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Legislative changes enacted in 2018 have an effective date of 1 July 2019. As of 1 July 2019, tariff headings (as valid on 1 January 2018 and pursuant to Commission Regulation (EU) 2017/1925) and “TESZOR’15” numbers (as valid on 1 January 2018) must be included, instead of SZJ numbers. There are no transitional provisions in relation to these changes; therefore, for invoicing purposes, the new classification numbers are to be applied as of the date of supply (instead of the invoice issuance date).

Because most billing programs can only apply one classification scheme at a time, using the date of the supply may create certain challenges. However, according to communications from the tax authority, the right to deduction of VAT by the invoice recipient is not expected to be affected if the invoice issuer uses the new classification numbers because neither the TESZOR’15 numbers (for services) nor the tariff headings (for goods) qualify as mandatory invoice elements.

 

Read a June 2019 report prepared by the KPMG member firm in Hungary

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