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Hungary introduces business-to-business transaction level reporting

|Hungary
Hungary

Hungarian businesses will be required to report sales invoice data if the total invoice amount is within the following thresholds:

  • Invoices with a transferred VAT amount of HUF 100,000 / EUR 320 or more within five days
  • Invoices with a transferred VAT amount of HUF 500,000 / EUR 1,600 or more within 24 hours

 

Furthermore, a direct data connection to the Hungarian tax authority, via certifi…

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