The Hungarian government has introduced a temporarily reduced rate of value added tax (VAT) of 5% on the supply of meals and non-alcoholic drinks prepared on site for takeaway. Government Decree 498/2020. (XI. 13.), prescribing the VAT rate reduction, has an effective date of 14 November 2020 and applies to early February 2021.
Source: KPMG
Latest Posts in "Hungary"
- Hungary eVAT 2026 Guide to VAT Returns and M2M
- Hungary and Romania Warn Pre-Filled VAT Returns Aren’t Ready Yet
- Hungary may extend digital tax transition for businesses
- Hungary Expands Cash Register Data Retrieval to E-Cash Registers
- Hungary Reconsiders eVAT Timetable: Mandatory Transition Likely to Start with Large Businesses in 2027
