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Online invoice reporting mission: accomplished!

The NAV real time invoice reporting process launched in July was like a competition where the contestants tried to complete the racetrack in \"vehicles\" purchased off the shelf or developed and built by themselves. The June test period was prolonged by a useful leniency month, thus all entities were required to come up to par by 31 July while continuous compliance has been mandatory since 1 August.

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Level of film rebate for Hungarian production increases to 30 percent

Following a green light from the EU Commission, the level of indirect film related tax rebate in Hungary rises to 30% from 11 June 2018. The boosted proportion of film incentive is guaranteed to 31 December 2024, thus in an ever-more competitive regional situation the Hungarian film industry has a much better chance of maintaining its role as market leader. No changes are expected in the application process for film grants.

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No sanctions period until July 31 for RTIR

The Hungarian Authorities have issued a statement over the weekend that no sanctions will be applied until 31 July if the taxpayer registers for the real-time invoice reporting with the Hungarian Tax Authority and reports the affected invoices online until 31 July 2018.

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