Mátyás Budai

Manager, Tax services

Mátyás Budai is an economist and an expert with several years of experience as a tax advisor in the field of value-added tax. In his former role as senior tax advisor within Digital Tax Solutions, he was responsible for the development and adaptation of automated tax solutions, as well as the tax-related development and implementation of our Connectax platform which supports tax compliance and compliance with invoice data reporting obligations.

Furthermore, he manages the area of digital tax and IT advisory within Tax Services, supporting our clients in fully complying with their online invoice data reporting obligations, matters concerning electronic invoicing and archival, reviewing invoicing software and developing IT systems.

He is involved in compliance projects as a manager within Tax Services at RSM Hungary Zrt. He manages the tax compliance and tax advisory projects of international enterprises and is involved in tax representation in the course of tax audits.

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Digital tax solutions

In cooperation with our legal, tax and VAT experts, our digital tax business line prepares automated solutions to support companies in the preparation of tax returns and the fulfillment of their invoice data reporting obligations.
Hungary introduced real-time invoice reporting obligation from 1 July 2018. Our digital experts can support companies fulfilling this reporting obligation with our ConnecTAX platform's digital solutions in compliance with Hungarian regulation.

Our services

Mátyás Budai

2023.12.20

EÁFA (eVAT) M2M – What Needs to be Done Before the Introduction of the Electronic VAT System in 2024?

In 2024, the Tax Authority of Hungary (NAV) will make an innovative step in the field of VAT declarations with the introduction of eÁFA (or eVAT),which will base declarations on data instead of the previously accustomed aggregated data. In order to simplify their VAT declarations and reduce administrative burdens with the help of eVAT M2M, companies must undertake several important steps.

Mátyás Budai

2023.11.16

VAT Reclaim 2023 - Don't Let Your Expiring VAT Go to Waste

As the end of the year approaches, it is a priority for every company to check the VAT handling of their issued and received invoices. But why is VAT checking so crucial, and how does modern technology contribute to easier handling of the challenges involved?

Mátyás Budai

2023.05.25

Important changes planned by the Hungarian Tax Authority

Ever since the launch of the Online Invoice System, the Hungarian Tax Authority has been implementing both minor and major changes to the platform from time to time. Most recently, a change affecting a large number of businesses was announced by the Tax Authority in January, which was originally planned to go live on 15 May. However, according to the most recent news from the Hungarian Tax Authority, the go-live of the change has been postponed until 18 September. This means that companies that have failed to prepare for the changes involving corrective and cancellation invoices have nearly four more months to get ready

Mátyás Budai

2023.03.08

The new form of VAT filing – eVAT M2M XML

The eVAT M2M system will become an increasingly common solution for VAT filing processes in the future. Although the eVAT M2M system offers many advantages for taxpayers and tax authorities, its implementation also poses challenges for both parties and expert support may be needed. If properly prepared and managed, eVAT communication will enable companies to meet their tax obligations more efficiently and easily. The Hungarian Tax Authority plans to start the test run in autumn 2023 and to go live in the first half of 2024.

Mátyás Budai

2023.03.01

Electronic invoicing: new rules and requirements from 2024

The digital age and the rapid expansion of e-commerce have brought about changes in taxation and invoicing as well. In December 2022, the European Commission proposed amendments to the VAT Directive as part of the \"VAT in the Digital Age\" initiative. Changes include significant amendments to invoicing rules, some of which could enter into force in 2024. Later on, e-invoicing would become mandatory for all businesses for transactions within the EU.

Mátyás Budai

2022.11.09

Electronic invoicing and archiving - what's beyond the pile of papers?

The move to electronic invoicing could be the first step in transforming administration. An increasing number of companies prefer contactless payments and paperless invoicing and are looking for e-invoicing solutions that are compatible with teleworking, while automating internal processes and increasing efficiency.