VAT 2024 – Key Changes

• The eVAT system was introduced in Hungary in 2024, providing three ways to file VAT returns.
• Payment service providers have a new data reporting obligation called CESOP
• Changes to the domestic reverse charge mechanism in the construction industry.
• A new mandatory deposit refund scheme for beverage packaging has been implemented.
• The e-cash register system allows businesses to issue electronic receipts, and there have been changes to VAT rates, including a drop to 5% for dessert cheese.

Source RSM

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