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

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,

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,