The Hungarian Ministry of Finance had a productive end to the decade. As outlined in an earlier article, the MoF announced a package of measures and proposals as part of its Economic Action Plan for 2020. The aim of the plan is to improve VAT compliance and reduce fraud. A bill to amend the laws implementing certain tax measures in the Hungarian VAT Act was formally proposed – and the bill was ultimately adopted by the Hungarian Parliament in November 2019.
Source Sovos
Latest Posts in "Hungary"
- Briefing Document & Podcast: Hungary’s Digital Tax Reporting Landscape: E‑Invoicing, E‑Reporting, SAF-T and E‑Transport
- Hungary’s Carbon Tax Conflicts with EU Emissions Trading System Directive 2003/87
- Hungary Issues VAT Group Succession Guidelines Covering Transition Period Requirements
- ECJ Rules VAT Refund Administration Fees Taxable in Hungary for Non-EU Customers
- New Hungarian VAT Guidelines for Accommodation Cancellations: Key Insights and Provider Actions
