As of 1 July 2018, it is mandatory for Hungarian companies to provide information
on invoices containing charged value added tax of at least HUF 100,000, issued
on transactions between taxpayers.
This information must be automatically submitted with no human or manual intervention
immediately after the invoice is issued. Businesses cannot amend or update incorrect
invoices; instead they must issue an entirely new document in the event of an
error or change. The invoice data must be stored in the invoicing solution for
8 years.
Our company prepared solution to automatically submit all necessary data to the tax authority. This solution can be easily implemented in any invoicing system.