Indirect tax ebook - Hungary

Scope

VAT is an indirect tax paid by the end user on the use of goods and services. This is built on the presumption that VAT is charged in every phase of production and trade, but the user is entitled to allow for it in the VAT due. Only the VAT of costs incurred by the taxpayers for the purpose of VATable business activities can be deducted.

Under the Hungarian VAT system, VAT is charged on goods and services supplied by taxpayers in Hungary (actual or deemed), goods purchased from the European Union and importation of goods, and is payable to the Hungarian tax authority’s (NAV) VAT account.

Information about Hungary:

This information has been provided by Grant Thornton Hungary, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Hungary nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
Disclaimer

Contact us

For further information on indirect taxes in Hungary please contact Ilona Szarka

Select a Country

Grant Thornton International is a non-practicing, international umbrella entity organised as a private company limited by guarantee incorporated in England and Wales. References to "Grant Thornton" are to the brand under which the Grant Thornton member firms operate and refer to one or more member firms, as the context requires. Grant Thornton International and the member firms are not a worldwide partnership. Services are delivered independently by the member firms, which are not responsible for the services or activities of one another. Grant Thornton International does not provide services to clients.