- Purpose of Data Reconciliation: The Hungarian Tax Authority (NAV) aims to regularly compare data from the real-time invoice reporting system with VAT returns, especially the M sheets, submitted by companies.
- Discrepancy Handling: If discrepancies are found, NAV will send a request for clarification to the taxpayer, who has 15 days to respond. Failure to clarify within this period will result in a fine of 300,000 HUF (approximately 730 EUR).
- Implementation Date: This new data reconciliation procedure will be effective from January 1, 2025, as outlined in section 133 of the amendment.
Source Pagero
