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)