- Hungary updated VAT filing guidelines and repealed simplified business tax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.
