Online Invoicing Services by Mind System Consulting
From July 1, 2018, it will be mandatory to report invoices issued for domestic transactions between taxable persons that include at least 100,000 HUF in transferred VAT.
Data from issued invoices—and documents treated as invoices—must be electronically submitted shortly after issuance starting July 1, 2018. For invoicing done through invoicing software, the invoice data must be transmitted automatically from the software to the Hungarian Tax Authority (NAV) via public internet immediately after the invoice is generated, without human intervention.
The reporting obligation generally applies to invoices issued for domestic transactions where the transferred VAT amounts to 100,000 HUF or more.
Mind System Kft. offers a solution for compliance with the Online Invoice law. For more information, please click on the “Online Invoice” text under the Services menu.