The Hungarian government have been applying a requirement regarding real time invoice reporting since 2018 and on 1st Jul 2018 in accordance with (Act LXXXIII of 2018 amending Act CXLIII of 2015 on public procurement) the regulations came into force.
Effective 1st Jan 21 whilst reporting of B2B invoices was already mandatory, VAT exempt invoices (reverse charge IC deliveries) and all invoices for private consumers (B2C) were included in the scope and must be reported in the Real-Time Reporting System.
A grace period (penalty-free period) until 1st April 21 was subsequently granted where the tax authorities confirmed they would not levy penalties because of non-compliance until the end of March 2021. However, they are entitled thereafter to levy up to 500,000 HUF for each invoice with missing or incorrect invoice data submission.
With the introduction of the One-Stop Shop on July 21, it was further announced that Distant Sellers intending to use the OSS would be excluded from the requirement.
Source Taxbackinternational
