- Mandatory E-Invoicing Introduction: Starting January 1, 2025, Hungary will require mandatory e-invoicing for all non-consumer transactions in the electricity and natural gas sectors, affecting suppliers, traders, distributors, and transmission system operators, as well as non-private entities like partnerships and corporations.
- Flexibility in Formats: The decree permits various invoice formats approved by the Hungarian tax authority but mandates that e-invoices be electronically archived in compliance with VAT requirements.
- Emphasis on Digital Storage Compliance: Businesses must ensure they have compliant digital storage solutions in place, and as the deadline approaches, it is crucial for companies to review and implement the necessary electronic archiving processes.
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