31 January 2017
On 1 January 2017 Hungary introduced a lower VAT rate of 18% on:
Internet access services – However the standard VAT rate of 27% will still apply to any other kind of telecommunication, broadcasting or electronic service.
Restaurant services including food and non-alcoholic drinks – This will be further reduced to 5% from 1 January 2018.
The VAT rate on basic food stuffs including poultry meat, fresh eggs and milk was also reduced to 5%.
LATEST NEWS
France clarifies e‑invoicing and e‑reporting...
France has updated its enforcement rules relating to the September 2026 introduction of mandatory e‑invoicing and e‑reporting for VAT registered...
SEE MORE
LATEST NEWS
Spain confirms new timeline for the introduction of...
The Spanish Council of Ministers recently approved a Royal Decree mandating the use of electronic invoicing in all business-to-business (B2B) transactions...
SEE MORE
LATEST NEWS
EU member states push for the introduction of a €2...
The EU Council are currently negotiating the introduction of a €2 customs handling fee on low‑value imports (under €150), with an initial start date of...
SEE MORE