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"
- Hungary’s NAV Launches Summer Inspection Campaign Targeting Key Sectors and Tax Violations
- Hungarian Tax Authority to Launch E-Receipt System for Real-Time Digital Receipts by 2026
- Hungary Modernizes E-Invoicing: B2G Mandate, Real-Time VAT Reporting, B2B Requirement by 2025
- NAV Online Invoice System 2025: Stricter Validation Rules Effective September 15, Impacting Businesses
- NAV Online Invoice System – stricter validations from September underscore NAV’s commitment to data quality
