Taxation

Mon, 07 Oct 2019 04:10:00 -0700

As of 1st of January, 2020

Group taxing

The most significant change in content that group members will not have to keep their records in the same currency, i.e. in the future, there will be no obstacle to the creation of the group in case one taxpayer conducts its books, e.g. in EUR, while the other in HUF.

TAX rate change

The tax rate of commercial accommodation services is reduced from 18 % to 5 %.

Online Invoice

Mon, 07 Oct 2019 03:34:11 -0700

As provided for in Annex No. 10 of the Act CXXVII of 2007 on value-added tax that is effective as of the 1^st of July, 2018; the taxpayer is subject to data disclosure obligation regarding its invoices that are issued of the transactions between domestic taxpayers and contain input value-added tax of at least 100 000 HUF.

2019

XSD 1.0 -> XSD 1.1 format change: As of 0:00 o’clock of 4 June 2019, the National Tax and Customs Administration receives the data of the invoices only in the new format, according to XSD version 1.1. From that date, data can no longer be reported with version 1.0!

2020

XSD 1.1 -> XSD 2.0 format change: The mandatory date for everyone to change over to the 2.0 invoice reporting interface is 01.04.2020 at 00:00. As of this date, data supply under the previous version (1.1) will no longer be possible.

More information can be found here: https://onlineszamla.nav.gov.hu/home

Rolling out Business Central to Hungary

Taxation

Online Invoice