Due to the Covid-19 crisis, Hungary introduced a new temporary retail sales tax.
The tax applies to E-commerce companies selling to private individuals in Hungary, including non-resident companies – which have achieved in Hungary a turnover of at least HUF 500 million (approximately EUR 1.4 million) in the 12 months before the onset of the crisis (set for 11 March 2020 in Hungary).The tax is calculated on the company’s turnover, with a progressive rate ranging from 0.1% to 2.5%. Unlike VAT, this tax is paid directly by the company and does not have to be invoiced to customers.
The tax applies from 1 May 2020 and for an indefinite period of time. The first declarations must be filed by 31 May 2020.Source: Hungarian National Tax and Customs Administration
