The European Union Council has approved Hungary’s request to raise its VAT exemption threshold to €71,500 (around $78,491) from the current €48,000 (approximately $52,697) until the end of 2024.
This decision was made through EU Council Decision No. COM(2023) 203, which supports the proposal put forward by the European Commission.
Source GVC
Click on the logo to visit the website
Latest Posts in "Hungary"
- Hungary’s eVAT Transition: Mandatory Digital VAT Reporting Begins in 2027
- Hungary Introduces New Receipt Reporting Obligation for Businesses
- Hungary to Cut Firewood VAT from 27% to 5%
- New General Court VAT Case – T-407/26 (Wagner Sport Signage) – No details known
- NAV Guidance on 5% VAT for Storage Rooms and Parking Spaces
