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All VAT

Hungary-United Kingdom – Reciprocity required for 13th Directive VAT refunds

As of 1 January 2021, the United Kingdom is definitely considered a third country. Therefore, British companies wishing to obtain a refund of VAT paid in Hungary are subject to the 13th Directive refund procedure. As a reminder, the refund of Hungarian VAT is only possible if the following conditions are met: Existence of a […]

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All VAT

Hungary – All invoices will have to be declared online as of January 1, 2021

As a reminder, Hungarian companies as well as foreign companies are obliged to declare online on the electronic portal of the Hungarian Tax Administration (NAV): since July 1, 2018, their invoices for sales of goods and services containing more than HUF 100,000 of VAT (approximately EUR 320) – XSD version 1.1 of the online declaration […]

Hungarian VAT refund for companies established outside of the EU – 13th directive

ASD GROUP > OUR SERVICES IN HUNGARY > VAT REFUND – 13TH DIRECTIVE Hungarian VAT refund for companies established outside of the EU – 13th directive Need help? How can companies established outside of the European Union get a refund of Hungarian VAT? The refund of Hungarian VAT is a right Just like European companies, […]

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Hungary – Online invoice reporting – 3 months sanction-free period

In June 2020, the Hungarian Tax Administration announced the extension of the mandatory online invoice reporting system. From 1 July 2020, Hungarian and foreign companies will be obliged to declare on the electronic portal all invoices relating to BtoB sales of goods and services in Hungary from 1 July 2020. A penalty of HUF 500,000 […]

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All International taxes

Hungary: the temporary retail sales tax made permanent

The Hungarian tax administration announced the introduction of a new temporary retail sales tax.  This tax, introduced with the aim of mitigating the economic impact of the Covid-19 crisis, was to be repealed within 30 days of the end of the state of emergency in Hungary.  However, the Hungarian government decided on 9 […]

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All VAT

Hungary: extension of the compulsory online invoice declaration system as from 1 July 2020

Companies will be obliged to declare on the electronic portal of the Hungarian Tax Administration (NAV) all invoices relating to sales of goods and services in Hungary, irrespective of their amount. This obligation applies to both Hungarian and non-resident companies. This obligation will enter into force : As of 1 July 2020 for […]

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All International taxes VAT

Hungary: new temporary retail sales tax due to the Covid-19 crisis

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 […]

Tax representation, VAT management and obligations in Hungary

ASD GROUP > OUR SERVICES IN HUNGARY > TAX REPRESENTATION IN HUNGARY Tax representation, VAT management and obligations in Hungary need help? Who needs to appoint a tax representative? Appointing a tax representative is a legal obligation. This applies to every company based outside the European Union engaging in transactions taxable in Hungary, such as: […]

Appointing a tax agent in Hungary

ASD GROUP > OUR SERVICES IN HUNGARY > APPOINTING A TAX AGENT IN HUNGARY Appointing a tax agent in Hungary need help? Who needs to register for VAT in Hungary? Being registered for VAT in Hungary is a legal requirement for foreign companies that perform operations for which they are liable for VAT in Hungary, […]