VAT news tagged as "Invoice reporting"

Greece

Greece live VAT invoice reporting 2019

May 10th, 2018

Greece is to require real-time invoice reporting to the tax authorities. From January 2019, this will be required of all companies related to the public sector, and limited liability companies. It will be extended to all taxpayers from Jan 2020. Sales invoice details will need to be electronically submitted to the Greek tax authorities at the same …


Hungary

Hungary delays live invoice reporting

May 24th, 2017

Hungary has dropped plans to require live invoice reporting until July 2018. The requirement had been for the submission of XML-based details of invoices with sales VAT above HUF100,000 (about €300).  The plan had been for the tax authorities to then provide an individual invoice ID number for use with the invoice. This will be withdrawn; …


Hungary

Hungary live invoice reporting July 2017

January 3rd, 2017

From 1 July 2017, all Hungarian VAT registered businesses will be required to electronically live report all B2B sales invoices with VAT above HUF100,000.  Hungarian VAT is currently 27%, so the net  value of the invoices effected will be HUF370,000. Businesses will receive in return from the tax authorities a unique invoice number in a …