See our country VAT guides. Get our latest news right in your mailbox. Email address:. Skip links Skip to primary navigation Skip to content. It joined the European Union on 1 May Part of the Ministry for National Economy. Payments generally create a tax point except in the case of intra-community supplies. Receipt of advance payments create a tax point, and VAT is viewed as included - except for foreign customer payments where considered exclusive and customer should record VAT via reverse charge.
Reverse Charge Earliest of payment, invoice or 15th after month of supply Continuous Services Earlier of contract period or payment and invoice dates Imports Date of clearance of Customs into free circulation. Options for import VAT deferment see separate Goods on approval and return Generally when customer accepts the goods in line with the contract terms. The nominated representative of the group files combined return and number.
Intra-group transactions are zero-rated. Holding companies without a taxable income may join groups. Member are jointly and severally liable for their VAT liabilities.
Non-residents Permitted. Non-EU resident businesses must appoint a Fiscal Representative. Fiscal Representative Required for non-EU resident businesses. Or at time of receipt of consideration if sooner. Intra-community supplies by 15th of the following month to tax point. Taxpayers must keep NAV aware of the invoice creation ERP or other software that they use, and that it should follow Hungarian invoice rules - evidenced by user guide or feature documentation.
This now includes data export see real time invoice reporting obligations see Content Date; unique sequential invoice number; name and address of supplier and customer; Customer VAT number for intra-community supplies or reverse charge; date of supply or advance payment if different from invoice date; Description, quantity or units etc of supply of goods or services; price per unit; taxable amount; VAT charged; rate broken out if supplies at different rates ; total; explanation if zero-rated supply.
