DAC8 Reporting in Hungary: Practical Guide

Hungary has shown growing interest in the crypto-asset market and has been developing its tax framework for digital assets. The Nemzeti Ado- es Vamhivatal (NAV), Hungary's National Tax and Customs Administration, is expected to oversee DAC8 reporting obligations. This guide provides practical information for crypto-asset service providers operating in Hungary.

National Authority

The Nemzeti Ado- es Vamhivatal (NAV), the National Tax and Customs Administration, is the competent authority for tax matters in Hungary, including international exchange of information under CRS and FATCA frameworks. NAV is expected to be responsible for receiving and processing DAC8 reports. The Ministry of Finance (Penzugyminiszterium) oversees tax policy and the legislative transposition of EU directives.

Submission Requirements

Hungary has been investing in its digital tax infrastructure, and DAC8 submissions are expected to be handled electronically.

• Format: Reports should follow the OECD CARF XML schema as required by DAC8. NAV may publish additional technical specifications and validation rules for Hungarian submissions.
• Language: Official tax administration in Hungary is conducted in Hungarian. The standardised XML data fields should follow international formats, but any accompanying documentation and correspondence should be in Hungarian.
• Submission channel: NAV may integrate DAC8 reporting into its existing electronic systems, potentially through the Online Szamla (Online Invoice) infrastructure or a dedicated reporting channel. The exact submission method is to be confirmed by NAV.
• Tax number: Reporting entities will need a Hungarian tax number (adoszam) for filings.

Transposition Status

Hungary must transpose the DAC8 directive into national law by December 31, 2025. The transposition typically involves a law (torveny) passed by the National Assembly (Orszaggyules) or a government decree (kormanyrend). Hungary's approach to EU directive transposition has varied. Reporting entities should monitor the Magyar Kozlony (Official Gazette) for the publication of implementing legislation.

Local Variations

Hungary may introduce specific national elements:

• Crypto tax regime: Hungary taxes crypto-asset income, and recent years have seen adjustments to the applicable rates and rules. DAC8 data may be used to verify compliance with these domestic obligations.
• Favorable tax rates: Hungary has at times offered competitive tax rates for certain crypto-asset activities. DAC8 data may influence how these provisions are administered.
• MNB coordination: The Magyar Nemzeti Bank (MNB, Hungarian National Bank) oversees financial stability and may be involved in the regulatory framework for crypto-asset service providers under MiCA. DAC8 reporting may be coordinated with MNB requirements.
• Real-time reporting experience: Hungary has pioneered real-time invoice reporting through its Online Szamla system. This experience with real-time data collection may influence the approach to DAC8 implementation.

Key Dates

• Transposition deadline: December 31, 2025 (directive must be incorporated into Hungarian law)
• Data collection begins: January 1, 2026 (reporting entities should start collecting relevant information)
• First reporting period: Calendar year 2026
• First reports due: 2027 (exact date to be confirmed by NAV)

Practical Tips

• Register with NAV: Ensure your entity is properly registered with the National Tax and Customs Administration and has the necessary electronic filing credentials.
• Monitor the Magyar Kozlony: All implementing legislation will be published in Hungary's Official Gazette. Check regularly for relevant laws and government decrees.
• Prepare Hungarian-language capabilities: Ensure your compliance team or local advisors can handle communications in Hungarian.
• Leverage NAV's digital experience: Hungary's advanced digital tax infrastructure (including real-time reporting) suggests that NAV may implement sophisticated DAC8 reporting mechanisms.
• Collect adoazonosito jel: For Hungarian individual taxpayers, ensure your systems can collect tax identification numbers (adoazonosito jel) accurately.
• Engage local tax advisors: Consider engaging Hungarian adotanacsadok (tax advisors) with experience in international reporting and digital assets.

Important Notice

This guide provides general information about DAC8 reporting in Hungary. Requirements may change as the directive is transposed into national law. The information presented here should not be considered definitive legal or tax advice. Always consult the Nemzeti Ado- es Vamhivatal (NAV) and the Ministry of Finance for the latest official requirements. For specific compliance questions, seek advice from qualified Hungarian tax professionals.