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

Brexit: actions to help you prepare

The transition period after Brexit comes to an end this year and even if a trade deal is agreed, there will be a host of changes to the current VAT regime that...

SEE MORE
LATEST NEWS

Ecuador to apply VAT on digital services from...

From 16 September 2020, Ecuador will impose VAT at 12% on the sale of e-services to local consumers by non-resident businesses.  At present, non-resident...

SEE MORE
LATEST NEWS

Costa Rica to introduce VAT on electronic services...

From 1 October 2020, Costa Rica will introduce VAT at 13% on the provision of electronic services by non-resident companies. At present, foreign businesses...

SEE MORE

Gated Content

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