Hungary: Update on e-VAT system

M2M e-VAT system offers an alternative to preparing and submitting VAT returns

M2M e-VAT system offers an alternative to preparing and submitting VAT returns

The tax authority has made its XSD-scheme plans for the electronic value added tax (e-VAT) machine-to-machine (M2M) connection, and the application programming interface (API) documentation of the M2M process for VAT returns, available on the GitHub development platform.

The M2M e-VAT system offers an alternative to preparing and submitting VAT returns via the ÁNYK framework.

By introducing an M2M VAT return system, the tax authority intends to:

  • Enable taxpayers to submit their VAT returns using M2M communication, so that the return can be used for the purpose of VAT analytics by both taxpayers and the tax authority
  • Simplify the preparation and review of VAT returns for businesses and accountants
  • Enable taxpayers to efficiently retrieve data from the tax authority’s system in order to prepare their returns
  • Reduce the overall administrative burden of the system

The tax authority invites user feedback so that constructive suggestions can be incorporated into the concept.

Read a March 2023 report prepared by the KPMG member firm in Hungary

 

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