Real time data providing - Mazars Tax Newsletter 2017/14

As it is widely known, the accepted tax package, published last week, postponed the effective date of the provision that stipulates the connection of invoicing programs and on-line reporting to the Hungarian Tax Authority with one year.

Accordingly, from July 2018, taxpayers will have to provide electronical information on the content of invoices, including a charged VAT of at least 100,000 HUF, issued by an invoicing program (Act on the Rules of Taxation, Section 31/B., Subsection (2a)).

The draft of the decree can be downloaded from the website of the government, which can finally reveal the technical background of the system implementation.