Hungary will implement stricter import value-added tax (VAT) deduction regulations for indirect customs representatives from 1 March 2025.
The amendment requires importers to file monthly VAT returns and avoid being classified as “risky taxpayers.” If an importer is not a “reliable taxpayer,” the indirect customs representative must verify by performing a partner check to reduce tax risks.
This amendment does not apply to importers holding a license for import VAT self-assessment.
Related Posts
Hungary’s tax authority has published guidance on increasing the VAT exemption threshold for small businesses from HUF 12 million to HUF 18 million. The increase was established by Government Decree No. 5/2025 and published in the Official
Read More Hungary’s government has amended Government Decree 273/2007 (X. 19.) and Government Decree 19/2009 (I. 30.), which delays the e-invoicing requirement for electricity and gas supplied to nonresidential customers. Electronic invoicing
Read More Hungary’s Prime Minister Viktor Orbán has authorised negotiations for a new income tax treaty with the US. The new tax treaty between the two nations is aimed at avoiding and preventing double taxation in the field of income taxes. In July
Read More Hungary’s tax authority has published a summary of new place of supply rules for VAT for online events on 2 January 2025. The summary clarifies that the place of supply for services granting access to cultural, artistic, scientific,
Read More The Hungarian tax authority has issued a notice on 10 December 2024 regarding the new Small Enterprises (SME) VAT scheme for small businesses under Council Directive (EU) 2020/285. The SME will take effect on 1 January 2025. Under the new scheme,
Read More Hungary’s Tax and Customs Agency has released the updated version of the GloBE data sheet on 5 December 2024. The data sheet features technical enhancements and detailed field definitions to simplify XML completion and includes a User
Read More
