Changes in invoicing
From January 1, 2017 resident taxpayers’ tax number must be indicated on issued invoices provided that the output tax in the invoice reaches or exceeds 100 000 HUF.
According to the current legislation now this limit is 1 million HUF.
Attention must be given to the temporary regulations: when the given invoice was issued in 2016 but the completion date is 2017 and the output tax is below 1 million HUF but the buyer’s tax number is not indicated, the invoice can be neither accepted nor issued.
It is well worth seeing these new rules and starting the preparation for New Year’s changes.
For further information, please contact our office with confidence. Our accountants at ECOVIS HUNGARY are kindly at your service.