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 goods by taxable persons in liquidation or legal insolvency, and to other goods and services exceeding HUF 100,000 (around EUR 250).
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