EPR introduction in Hungary 1st July 2024 Hungary introduced an extended EPR obligation starting 1 July 2024. The country already had implemented EPF or green tax fee on those businesses first introducing packaging material, electronic equipment, battery cells, or chemical products in the Hungarian market. The main difference with the EPF is that fees are significantly higher, and […]
New Hungarian eVAT system available from 1 January 2024
The system offers an alternative to preparing and submitting VAT returns via the ÁNYK framework and will be available to taxpayers from 1 January 2024.
By introducing the VAT return system, the tax authority intends to:
- enable taxpayers to submit their VAT returns using a machine-to-machine communication, so that the return can be used for the purpose of VAT analytics by both taxpayers and the NTCA
- simplify the preparation and review of VAT returns for businesses and accountants
- enable taxpayers to efficiently retrieve data from the NTCA’s system in order to prepare their returns
- reduce the overall administrative burden of the system (KPMG)