- Hungary’s Act XL of 2026 amends the VAT Act effective 13 August 2026.
- From 1 September 2026, prescription-only human medicines move from a 5% VAT rate to 0%.
- These medicines remain taxable supplies, so businesses can still deduct input VAT.
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.
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