- The Hungarian 2025 tax package introduces changes to VAT regulations effective over the next several years
- VAT base reductions are applicable to statutory payment-based refunds from 29 November 2024 and retroactively from 1 January 2024 if no other method has been used
- Purchases with updated receipt data can qualify for VAT base reductions for transactions from 1 July 2025
- Stricter conditions for assigning VAT deduction rights to indirect customs representatives require importers to file monthly VAT returns and qualify as reliable taxpayers
- A reverse charge mechanism will be applied to taxable traders selling natural gas starting 1 January 2025
- The reduced VAT rate of 5% for new residential properties is extended until 31 December 2026 and under specific conditions from 1 January 2027 to 31 December 2030
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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