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
Essentia Global Services – European / International / Global vat tax compliance consultants and management agents.
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We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.