Hungary: Reconsideration of electronic VAT system to machine-to-machine concept
Intended to be introduced in a similar way to the electronic personal income tax return
Electronic VAT system to machine-to-machine concept
The National Tax and Customs Administration (NAV) has reconsidered the concept of the electronic value added tax (VAT) system, which was intended to be introduced in a similar way to the electronic personal income tax return (eSZJA).
In the electronic VAT M2M (machine-to-machine) concept, the corporate governance system or other software used by the taxpayer (or its accountant) can provide VAT return data directly to the NAV via application programming interface communication. The communication is similar to the online invoice system.
The purpose of the M2M system implementation is to:
- Simplify the VAT declaration process, providing a more modern communication channel
- Provide taxpayers with access to various queries and validations, thus reducing the possibility of declaration errors
Query services include:
- Queries of online invoice data
- Queries of import VAT data
- Partner classification by NAV
- Queries regarding tax accounts
Read an October 2022 report prepared by the KPMG member firm in Hungary
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.