Hungary Issues Information Booklets on 2023 VAT Invoicing Requirements

The Hungarian National Tax and Customs Administration Jan. 5 issued Information Booklet Nos. 14, 17, 18, and 29, regarding the 2023 VAT invoicing rules. Topics covered includes: 1) rules for new VAT payers, including on VAT assessment and payment, tax exemptions, and invoice and receipt issuance requirements; 2) provisions for community transactions of the special tax group; 3) basic rules for issuing invoices and receipts applicable to all VAT payers; 4) special taxation methods; 5) certification requirements for invoices and receipts; 6) tax determination, settlement, and declaration; 7) the provision of online account information; and 8) liability for tax for ...