Hungary proposes VAT threshold and rate changes

31 May 2016

A number of changes within the Hungarian VAT act were discussed by Parliament in May. If accepted these changes could include:

  • lowering the VAT threshold from HUF 1m to HUF 100,000
  • cutting the VAT rate on domestic internet services
  • Applying the reduced VAT rate of 5% to basic foodstuffs from January 2017
  • Reducing the VAT rate on restaurant supplies from 27% to 18% from January 2017. With a further decrease to 5% from January 2018.
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