A product that explains every movement needs machine-readable invoices and bank data. Hungary has had both for years — which is why it runs here first.
Every business invoice issued in Hungary is reported to the tax authority as it is issued, at item level. The consequence is direct: we don't have to guess what was invoiced, we read it — issued and received, from the authority's own record.
The second rail is the tax current account, refreshed daily. That is how an overpayment sitting at the authority becomes visible — something a banking app cannot know about.
What much of Europe is legislating for 2027, Hungarian companies have been living since 2018. That head start is not a feature we built — it is the ground we stand on, and it makes a continuously-closed book possible here first.
The old desktop filing tool retires at the end of 2026. From 1 January 2027 the VAT return goes through the electronic system, and the machine route expects item-level analytics with tax codes attached.
The important part isn't the channel, it's the direction. The authority puts forward a draft built from the invoice data it already has, and the company has to reconcile that draft against its own books — line by line, with the document behind each line. That is this product's ordinary daily work.
To be precise about what we claim: Likvid does not file returns. Where a company switches the access on, it reads the authority's own list of the month's documents with their tax codes and lists the differences against the books — the reconciling and the filing stay with a person.
E-invoicing mandates are rolling across Europe on a published schedule. Each one turns a country's invoice traffic into structured data.
Dates as announced by each country's tax administration; phase-in thresholds differ by company size and are still moving in several countries.
We work with a small number of companies through the beta, hands-on.