Hungary’s Tax Authority and Ministry of Finance issued Taxation Guideline No. 2025/6 on July 2, 2025, to clarify VAT group succession issues. This guideline details the VAT treatment for transactions both within the changing group and with external third parties. It provides specific instructions regarding VAT number requirements on invoices, invoice corrections, VAT returns, and European Commission sales lists, alongside adjustments needed for tangible and intangible assets during the transition. A special focus is placed on the rules governing the succession process’s transition period.
Source: kpmg.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.
