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
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
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
LATEST NEWS
Indonesia confirms VAT on foreign e-commerce from 1...
From 1 September 2020, the Indonesian tax authorities will introduce VAT at 10% on all e-services transactions made by non-resident companies. Currently...
SEE MORE