Hungary: Real-time invoice reporting extension, self-billing invoices

Hungary: Real-time invoice reporting extension

The Ministry of Finance has extended a “grace period” until 30 June 2021 regarding the real-time reporting obligation for certain “self-billing invoices.”

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These measures have value added tax (VAT) implications.

With the grace period extension, no penalty will be imposed for non-reporting or late reporting during this period, assuming that:

  • The purchasing company issues the invoice in the name of the supplier (self-billing) in accordance with their agreement, and
  • The customer does not and is not required to have a Hungarian VAT identification number.

Read an April 2021 report prepared by the KPMG member firm in Hungary

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