Hungary - Reconciliation between real time reporting and VAT return
Posted by: Monika Misiura
Starting from January 2025 the Hungarian Tax Authority plans to compare data from the real time invoicing system with the VAT returns. In case of any discrepancies the Tax Authority will send request for clarification to a taxpayer. The taxpayer will have 15 days to respond. Failure to reply to the Tax Authority within the due date will result in a penalty of 300,000 HUF (approximately 730 EUR).