- Hungary is proposing to update tax laws to include online platform goods revenues in the 2020 retail sales tax
- New rules would come into effect on 1 January 2025
- The tax is currently under European Commission infringement proceedings for not complying with Single Market requirements
- Non-resident platforms would be measured on global revenues to determine tax liability
- Likely 2.7% gross receipts rate on local sales for non-resident platforms
Source: vatcalc.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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