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    • UK Based Global VAT and Tax Compliance Consultants
    20
    Jun

    Hungary VAT Update June 2017


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

    Foodstuffs
    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.


    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.