- Hungary updated VAT filing guidelines and repealed simplified business tax
- Updated guidance requires taxpayers with community tax numbers to file quarterly returns if total tax is under 250,000 HUF or total consideration from sales does not exceed 50 million HUF annually
- Technical modifications included in the updates
- Guidance became effective on March 15, 2022.
Source: globalvatcompliance.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.
Latest Posts in "Hungary"
- KOBAK Portal: Mandatory Platform for Registering and Managing E-Cash Registers in Hungary
- ECJ Rules Hungarian Tax Authorities Cannot Deny VAT Deduction Solely for Unreliable Invoices
- Hungary’s E-Cash Register Reform: Key Changes Retailers Must Prepare for in Fiscal Compliance
- EU Gradually Digitizes VAT System with ViDA Reforms by 2030
- Hungary’s E-Receipt Rules: E-Cash Registers, Digitalization, and Data Security Explained
