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Hungary challenged on internet VAT

The European Commission has requested that Hungary delays its planned cut in VAT on internet services. The EC believes the planned January 2017 reduction from 27% to 18% VAT is in breach of the EU VAT...

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Hungary: top EU VAT rate funds lowest Corp tax rate

Hungary has proposed lowering its corporate tax rate to 9%, which would be the lowest in the European Union. This investment-attracting policy is partially funded by Hungary’s VAT rate of 27% – the...

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Hungary live invoice reporting July 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...

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Hungary cuts restaurant VAT to 9%

Hungary reduced the VAT rate on restaurant services, excluding alcoholic beverages from the standard 27% VAT rate to the 9% reduced rate. The change came into place on 1 January 2017. The post Hungary...

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Hungary cuts internet & catering VAT

The 2018 Hungarian budget bill has proposed reducing the VAT on internet access and catering services from 18% and 27% respectively, to 5%. The bill is expected to be voted on in mid-June. The post...

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Hungary delays live invoice reporting

Hungary has dropped plans to require live invoice reporting until July 2018. The requirement had been for the submission of XML-based details of VAT invoices above HUF100,000 (about €300).  The plan...

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Avalara VAT Reporting content updates 01-06-2017

Spain – VAT Reporting SII – Now available In this release, we have added the functionality to support the Spanish SII system of “Immediate Supply of Information” which comes into effect from the 1st...

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Hungary lowers domestic invoice listing threshold

From 1 July 2018, Hungary will recover all VAT-registered businesses to provide a live report of transactions above HUF100,000.  This is a lowering of the planned threshold. The report, Belföldi...

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Avalara VAT Reporting content updates 03-07-2017

Spain SII Updates: From July 1st, SII is officially live. In order to submit all the invoices to the Spanish authorities, we have updated the SII to use production URLS in 17.6.1 release. Czech...

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Hungary live VAT invoice reporting 2018

Hungary’s Ministry for the Economy has provided further draft proposals on its July 2018 requirements for real time reporting of major sales invoices. Key requirements include: Sales invoices above HUF...

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