Hungary approves a reduced VAT rate on the construction of new dwellings

2 February 2016

In an effort to kick-start the construction industry in Hungary, a new temporary reduced VAT rate has been introduced to the construction of new residential dwellings. Previously these types of supplies were subject to the standard rate of VAT at 27%, however this will now be reduced to 5% until at least the year 2019.

LATEST NEWS

IMPORTANT: Slovakia VAT increase from 20% to 23% from...

A reminder that from 1 January 2025, the standard Value Added Tax (VAT) rate in Slovakia will increase from 20% to 23%. In addition to the standard rate rise...

SEE MORE
VAT news
LATEST NEWS

REMINDER: New EU rules for virtual events from January...

From 1 January 2025, the supply of a live virtual event is taxable in the EU country where the consumer purchasing the online attendance resides. This means...

SEE MORE
VAT news
LATEST NEWS

Switzerland’s new rules for platforms from 1 January...

Switzerland’s Federal Tax Administration will impose “deemed supplier rules” from 1 January 2025 on digital platforms (such as Amazon) to charge, collect...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.