Effective 1 January 2025, electronic invoicing (e-invoicing) will be compulsory in Hungary for electricity and natural gas suppliers, including traders, distributors, and transmission system operators supplying electricity and natural gas to non-private entities as per Government Decree no. 273/2007 and Government Decree no. 19/2009.
Under Hungary’s VAT laws, non-private entities include partnerships, trusts, corporate companies, and NGOs.
This regulatory change aims to prevent VAT fraud from electricity and natural gas transactions. It also highlights the importance of adhering to Hungary’s VAT regulations on electronic document retention.
The decrees allow flexibility in the form of e-invoices, permitting any method accepted by the Hungarian tax authority. However, e-invoices must be electronically archived under current VAT rules.
