In 1988, Hungary introduced the Value Added Tax (VAT), locally referred to as Általános forgalmi adó (ÁFA). The primary legal framework governing VAT in Hungary is outlined in the Hungarian Act CXXVII of 2007 on Value Added Tax (Általános forgalmi adóról), as subsequently amended (referred to as the “VAT Act”). This Act aligns with the European Union’s (EU) VAT Directive, which, due to EU law’s supremacy, can supersede Hungarian VAT regulations.
Source: GVC
Click on the logo to visit the website
See also
Latest Posts in "Hungary"
- Hungary Requires Digital Receipt Reporting for Businesses Without Cash Registers Starting September 2026
- Hungary Proposes Reverse-Charge VAT to Curb Fraud and Stabilise Fresh Produce Sector
- Hungary Mandates Digital Receipt Data Reporting for All Businesses Starting September 2026
- Hungary Launches Digital VAT Refund System for Non-EU Travelers at Budapest Airport
- Hungary to Mandate Electronic Invoicing for All Transactions Under ViDA by 2028
