Hungary's National Economy Minister, Márton Nagy, has called for a reassessment of the global minimum tax following the Trump administration's decision to withdraw the US from its commitment to the OECD Global Tax Deal, also known as the two-pillar

Hungary has announced that the EU Council Implementing Decision 2024/3209 of 23 December 2024 has approved the extension of the reverse charge mechanism under the VAT Directive (2006/112) until 31 December 2026. This applies to supplies of capital

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

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

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

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