From 4 January 2021, the online invoice reporting will extend to almost all invoices issued by domestic companies, including the sales of webshops. According to the latest announcement of the Hungarian Tax Authority, foreign webshops exempted from providing real-time invoice data in case of their sales in Hungary.
For webshop sales within the EU where the private individual customer Hungarian and the online store is a taxpayer is registered in an other EU country, the online store exempted from real-time invoice reporting obligation on one condition. The EU-registered webshop should register to the EU OSS (one-stop-shop) system until the 1st of July 221.
International webshops can be relieved, their invoice data reporting suspended
As a reform of e-commerce at EU level, from 1 July 2021, online stores will be able to fulfill VAT obligations arising from their distance sales to foreign customers through the ‘one stop shop’ (OSS) system. This option brings significant relief. On the one hand, the online store is exempt from tax registration in the customer’s country. Moreover, they do not have to supply online invoice data on their sales to the Hungarian tax authority.
The relief in real-time invoice report has been extended from 31st March 2021, to 30 June 2021 as the Hungarian Tax Authority made an announcement recently. In exchange for the extra 3-month extention of the grace period, international webshops has to register to the OSS no later than 1st July 2021.
Should Hungarian webshop sales be reported to NAV online invoice system?
Let’s not forget that Hungarian webshops selling to Hungarian private individuals are not subject to the rules of the one stop shop, so these companies must fulfil the online invoice reporting obligation in the same way as for offline (i.e., without a web shop) sales!
Read the whole article, here: Webshops and NAV online invoice reporting in 2021 – BLOG | RSM Hungary
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