- New VAT Deduction Regulations: Effective March 1, 2025, Hungary has implemented stricter regulations that require both importers and indirect customs representatives to meet specific conditions to claim the right to deduct import VAT, aimed at reducing VAT fraud.
- Importer Requirements: Importers must file monthly VAT returns and confirm this in writing to their customs representative. They are classified as reliable, risky, or normal taxpayers, with only reliable and verified normal taxpayers eligible for deductions. New importers are automatically excluded from this classification.
- Indirect Customs Representatives’ Obligations: Only representatives with reliable taxpayer status can manage VAT deduction assignments. They must conduct partner verifications and submit results via the KVKPELL form, along with additional declarations in their VAT returns, ensuring compliance with the new regulations.
Source Taxually
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