Tag - Hungary

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Hungary - Real Time Invoice Reporting

Further to our last article on this subject informing of the delay to real time invoice reporting until July 1st 2018, the Hungarian Ministry of National Economy has published further details.

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Hungary - Modified VAT Laws

The Hungarian Parliament has amended a number of tax laws and these were published on 19th June. The main VAT related amendments are as follows:

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Hungary - Advertisement Tax Increase

The National Assembly of Hungary adopted a law on May 16th 2017 to raise the country’s advertising tax rate from 5.3% to 7.5%. This is lower than the 9% rate which had originally been proposed...

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Hungary - Real Time Invoicing Postponed

Mihaly Varga, Minister of National Economy of Hungary, has stated in an interview with a local newspaper that the online invoice reporting will be postponed until 1 July 2018.

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Hungary - Revised threshold for domestic recapitulative statements

New legislation means that domestic recapitulative statements must be submitted for all invoices with a VAT content of HUF 100,000 or more instead of HUF 1 million which was the previous threshold...

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Hungary - 2017 VAT changes in full

The following changes will occur from the 1st of January 2017...

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Hungary - The VAT rate on internet services will be lowered in two stages

Last week it was revealed that the Hungarian Government will lower the VAT rate on internet subscriptions in two stages...

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Sweden - Less tax paid in Sweden than you might think

Sweden is often seen as a country that pays high taxes but a new study shows that this is not the case when compared to some of its neighbouring countries...

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Hungary - Internet VAT reduction delay requested

The Hungarian Government has been asked by Pierre Moscovici, EU Commissioner for Economic and Financial Affairs, to postpose the reduction of VAT on internet services...

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Hungary - EKAER regulations updated

From the 1st of August 2016 more transport vehicles will need to be reported as the Hungarian Parliament has updated the EKAER regulations...

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