UK Based Global VAT and Tax Compliance Consultants

Hungary VAT Update June 2017

The 2017 Budget has been approved by the Hungarian Parliament which includes the following VAT changes:

Milk & eggs will have their VAT rate cut from 27% to 5%. Pork is to have its VAT rate reduced to 5%.

Restaurant services
Effective 1st of January 2017 the VAT rate for restaurant services will be reduced from 27% to 18%.

Internet services
The VAT rate on internet services will also be cut from 27% to 18% in 2017 subject to clearance by the European Union.