- Hungary will implement the Extended Producer Responsibility (EPR) system from 1 July 2023.
- The EPR system will overlap with the environmental product charge, but some products will only be subject to one or the other.
- Products subject to both EPR and the green tax include accumulators, packaging, electrical and electronic equipment, tyres, office paper, and advertising paper.
- Products subject to green tax only include other petroleum, plastic, and chemical products. Products subject to EPR only include single-use plastics, batteries, LI-ON batteries, wooden furniture, vehicles, frying oil and grease, and textile products.
- The KF codes will be introduced for each product to fulfil the obligation. The invoice clause must be included on invoices or documents proving the placing on the market.
- The most important tasks include identifying circular products and mapping KF codes, EPR registration with MOHU and waste management authority, obtaining declarations from customers who transport abroad, preparing EPR-related information for invoices, establishing and maintaining an analytical record system, and submitting environmental product fee returns and EPR data.
- The deadline for the first return is 15 October 2023.
- It is recommended to review invoice data before payment.
Source Accace
Latest Posts in "Hungary"
- 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
- Hungary Introduces Stricter Invoice Data Reporting Rules with Million Forint Penalties