VATupdate

Tax changes in Hungary from 2023

The reduced rate of 5% on the sale of new residential property will remain applicable until 31 December 2028, provided that the building permit is final by the end of 2024, or the construction is announced by that date.

For certain products (e.g., greenhouse gas emission allowances), agricultural products, steel products, the reverse charge mechanism will be available until 31 December 2026.

Source Accace

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