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 eVAT 2026 Guide to VAT Returns and M2M
- Hungary and Romania Warn Pre-Filled VAT Returns Aren’t Ready Yet
- Hungary may extend digital tax transition for businesses
- Hungary Expands Cash Register Data Retrieval to E-Cash Registers
- Hungary Reconsiders eVAT Timetable: Mandatory Transition Likely to Start with Large Businesses in 2027
