Rough change in EU invoicing: companies will have only two days to issue and upload online

By: Trademagazin Date: 2023. 03. 20. 09:59

Real-time monitoring of invoice transactions is no stranger to Hungarian businesses, but it will not be the biggest challenge in the EU legislative package, which will be introduced in several steps in the following years, until 2028. Good intentions are not enough to meet the expectations, there will be many companies where the operation will have to be significantly transformed – pointed out Zsolt Nyári, partner and certified tax expert of BDO Magyarország K-X Tanácsadó Kft.

Nyári Zsolt

Digital development is also advocated by the Hungarian and EU tax legislation, of course not without any connection. Such application of technology is intended to help not only the administrative work of taxpayers, but also the control tasks of tax authorities. Another decisive milestone of this process is EU decision-making.

Pursuant to the planned legislative package, invoices will generally have to be issued electronically, and member states can request an exemption from the mandatory application. However, electronic invoicing cannot be avoided in the case of EU transactions between EU countries, and starting in 2024, the customer’s consent will no longer be required to issue an e-invoice for domestic transactions, whereas now the customer can still stick to the paper-based invoice.

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