Hungary

Country	Hungary
Currency	HUF
EU Member State	27%
Standard VAT rate	5%
Reduced VAT rate	18%
VAT registration limit for established businesses	5 million HUF
VAT registration limit for non-established businesses	Nil
VAT registration rate for distance sellers	8800000 HUF
VAT return filing periods	Monthly or Quarterly
Annual returns	No
Intrastat thresholds: dispatches and arrivals	100000000 HUF for dispatches/100000000 HUF for arrivals
EC Sales Lists frequency	Monthly/ Quarterly/Annually
Additional reporting requirements	Yes
VAT recovery by non-established non-EU businesses	Currently refunds are allowed to businesses in the Liechtenstein and Switzerland.
Reverse Charge	Yes for the majority of cross border activity
Fiscal representative required for non-EU businesses	Yes
Statute of limitations	5 Years