- Hungary clarified the VAT reverse charge mechanism for construction and installation services.
- VAT applies to purchases of these products and services from January 1, 2024.
- Reverse charge only applies if the service is related to real estate activities requiring an official permit or notification.
- The permit or notification does not have to be construction-related.
- Specific rules apply for determining the applicability.
Source: news.bloombergtax.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.
Latest Posts in "Hungary"
- Hungary Mandates Digital Receipts for B2C Transactions Starting 1 September 2026
- Hungary E-Invoicing 2026: Key Dates, RTIR, Sector Mandates, and Compliance Requirements
- EU Refers Hungary to Court Over Discriminatory Retail Tax Breaching Single Market Rules
- Commission Refers Hungary to EU Court Over Discriminatory Retail Tax Regime Affecting Foreign Retailers
- When Does 5% VAT Apply to Storage Units and Parking Spaces Sold with Apartments?
