- Default penalties for missed VAT returns increased from HUF 500,000 to HUF 1,000,000
- Penalties for non-compliance with EU recapitulative statement reporting can multiply per affected invoice
- Penalties for missed invoicing rose from HUF 1,000,000 to HUF 2,000,000 per affected invoice
- A new automatic procedure to clarify reporting differences will start next year
- Penalty for non-cooperation in the new procedure is HUF 300,000
Source: taxand.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
