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...
View ArticleHungary: 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...
View ArticleHungary 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...
View ArticleHungary 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...
View ArticleHungary 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...
View ArticleHungary 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...
View ArticleAvalara 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...
View ArticleHungary 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...
View ArticleAvalara 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...
View ArticleHungary 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...
View Article