Deadline Approaching for Foreign VAT Refund Claims in Hungary

• Deadline for reclaiming VAT paid abroad is September 16, 2024
• Hungarian companies cannot reclaim VAT paid abroad in their Hungarian tax returns
• Two methods to reclaim VAT paid abroad: registration in the EU country or through a separate procedure for foreign VAT refund
• Definition of “abroad” includes all EU countries and 6 other countries with bilateral agreements with Hungary
• Process for reclaiming VAT involves filling out a specific form and submitting it electronically
• Conditions for VAT refund include being a foreign taxpayer in the country, not having economic residency or local transactions in the country, and using the product or service for taxable economic activities

Source: grantthornton.hu

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.

---

---