- Hungary is increasing its annual VAT registration threshold in phases to reduce burdens on small businesses.
- The threshold rose from HUF 12 million to HUF 18 million in July 2025.
- It will increase to HUF 20 million in January 2026, HUF 22 million in January 2027, and HUF 24 million in January 2028.
- The measure is part of a broader tax relief package for SMEs.
- More small businesses will be exempt from VAT, lowering their administrative and accounting costs.
Source: meridianglobalservices.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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