NAV’s eVAT Revolutionizes VAT Reporting in Hungary

January 9, 20240

Type: Legislation

Hungary’s National Tax and Customs Administration (NAV) launched eVAT on 1 January 2024, introducing pre-filled VAT returns accessible to taxpayers. Utilizing data from live invoice reporting, fiscal cash registers, and customs documentation, users can modify tax codes and submit returns from February. Unlike the OECD SAF-T model, eVAT provides NAV with real-time, comprehensive records, initially focusing on VAT transactions and expanding to broader declarations in the long term. 

NAV offers two approaches: 

  • Small Taxpayers – Free Online Access: Access via an online portal for basic analytics, transaction supplementing, and draft VAT return approval. 
  • Large Taxpayers – M2M Tax Code-Based Assistance: Large enterprises submit XML transaction details through Machine-to-Machine (M2M) for automated reconciliation and accurate returns. 

Built on the success of RTIP real-time invoicing, eVAT replaces the monthly Control Statement (M-forms) and allows large taxpayers to query NAV’s transaction records, enhancing transparency and reducing audit requests. NAV provides a suite of free data analytics tools for comprehensive understanding and cross-checking of VAT return data, potentially eliminating the need for additional tax information in audits. 

 

Effective date: 1 January 2024 

Source

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