- Hungarian Government extends reduced VAT rate for new homes until December 31, 2026
- Newly built apartments and family houses subject to 5% VAT rate instead of 27%
- Reduced rate can be applied until end of 2030 for properties with building permit issued by end of 2026
- Pre-conditions to qualify for preferential tax treatment remain the same since 2021
- Government aims to leave HUF 200 billion a year for people and support Hungarian construction industry
- Finance Minister Mihaly Varga announced the extension of the reduced VAT rate and highlighted support from professional organizations and budget resources for the tax cut.
Source: ceelegalmatters.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.
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