Hungary 2025 VAT Compliance: Key Deadlines & Rules

• Monthly VAT returns are due by the 20th of the month following the reporting period for taxable persons whose annual aggregated tax is HUF 1 million or more.
• Quarterly VAT returns are due by the 20th of the month following the reporting period for taxable persons whose annual aggregated tax is between HUF 250,000 and HUF 1 million.
• Annual VAT returns are due by February 25 for taxable persons whose annual aggregated tax payable is below HUF 250,000.
• Taxable persons who choose the tax exemption, who exclusively engage in activities that do not entitle them to tax deductions, and those with a special legal status who exclusively engage in agricultural activities must file monthly VAT returns.
• Taxable persons must file monthly or quarterly Summary Declarations electronically on the NAV form.
• Taxable persons must switch from a quarterly Summary Declaration to a monthly Summary Declaration if the total value of the supply of goods, the supply of goods corresponding to the purchase of goods, or the intra-EU purchase of goods for the relevant quarter, calculated excluding VAT, exceeds the equivalent of EUR 50,000.
• Failure to meet deadlines or filing incomplete or inaccurate data will result in penalties, interest, and possible tax audits.

Source: vatabout.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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