Unofficial translation
The proposal extends, with effect from 1 January 2023, the scope of the general sales tax cases of succession for VAT purposes. The new scope of cases is based on the 2023 Act on the transfer of agricultural holdings.
The new scope of application will cover transfers of agricultural holdings under the new rules that will enter into force on 1 January 2023.
The proposal brings into law the emergency standard [for new residential construction 267/2022 (VII. 29.) on the application of a reduced rate of VAT on new housing Government Decree No. 267/2020/EEC], which extends by 2 years the period for which the the 5% reduced rate of VAT on new residential property sales, and the a transitional provision to deal with delayed construction.
Source Parlament.hu
Latest Posts in "Hungary"
- 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
- Hungary Introduces Stricter Invoice Data Reporting Rules with Million Forint Penalties
- Hungary Enforces Stricter E-Invoice Rules, Rejects Submissions with Errors from September 2025
- Approaching Deadline: Reclaiming VAT Paid Abroad by September 30, 2025 for Hungarian Companies
