Latest news from Hungary

Hungary proposes reduction on hotel VAT

The Hungarian government is proposing to reduce the VAT rate applied on hotel accommodation from 18% to 13%, although no implementation date has been announced yet. Most EU countries now offer a reduced VAT rate on hotel and accommodation services linked to the tourism trade. The notable exceptions are Denmark and the UK.

REMINDER: Hungary to introduce real time VAT invoice reporting

A reminder that from 1 July 2018, the Hungarian tax authorities will introduce a new real time invoice-reporting regime, which will affect all VAT registered businesses in Hungary. When introduced the regime will apply to all business to business (B2B) sales transactions made in Hungary with a VAT amount above HUF 100,000 (approx.€320). All businesses… Read More

Hungary implements internet services VAT rate reduction

From 1 January 2018, the VAT rate on internet access services provided to consumers reduced from 18% to 5%.