- The Hungarian reverse charge mechanism for construction services has changed
- The main update is that construction activities must be subject to official authorization or notification to an authority for reverse charge to apply
- The scope of activities covered includes construction, installation, and assembly works, as well as demolition and changes in property use
- As of 2023, the reverse charge mechanism only applies to authorized construction activities
- From 2024, subcontractors involved in authorized activities must inform their clients
- This shift in accountability dynamics requires a proactive approach from companies in the construction sector to comply with the new requirements.
Source: marosavat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
