Corona virus - Tax News Hungary 25 March 2020

Moratorium for the conversion to the 2.0 version of the online invoice data forwarding system until 1 July 2020

According to a new announcement by the Hungarian Tax Authority  (NAV), due to the situation caused by the corona virus the 2.0 version of the online invoice data forwarding system which was planned to be compulsory from 1 April 2020 will only become compulsory to be used by companies from 1 July, until then data forwarding can also be fulfilled via the online invoicing system’s 1.1 XSD version.

Payment facilities from the Hungarian Tax Authority (NAV) due to payment difficulties caused by the corona virus

According to NAV’s newly issued prospectus, companies can request payment facilities with respect to outstanding liabilities, if they are facing difficulties with payment due to the situation caused by the corona virus. Companies in distress can request payment facilities such as deferment, payment in instalments, and within a limited scope reduction or remission of the liabilities, and further restructuring of already requested and permitted payment facilities is also possible. The facilities can be requested in connection with taxes, contributions, penalties, and other payment owed. However, it is still not possible to permit facilities with regards to taxes and contributions deducted from employees.