More VAT News & Tips in Hungary

You will find below VAT news & Tips for Hungary

News

VAT rate on restaurant services

Since 01/01/2017, VAT rate on restaurant services, excluding alcoholic beverages has been reduced from the standard 27% VAT rate to the 18% reduced VAT rate.

EKAER system 

In order to fight against VAT fraud, as of January 1^st, 2015, all intra-EU movements of goods [acquisitions and deliveries] using road transport must be declared into the Electronic Control System of Circulation of Commodities on Publics road [EKAER]. The EKAER number is connected to one transport and valid for 15 days from the issuing date.

E-commerce – New “green tax”

As from 01/01/2016, foreign companies selling goods to Hungarian individuals via the Internet are subject to a “green tax” [environment product fee] on certain product categories that negatively impact the environment such as packaging, batteries or electrical equipment.

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Tips

Export – Deadline for exporting goods from the EU

Export is exempted from VAT provided the goods leave the EU within 90 days. If the deadline is exceeded, VAT is due on the transaction. Further to ECJ C-563/12, BDV Hungary Trading of December 19^th, 2013, the deadline has been extended to 360 days provided that the invoice issued for VAT after 90-day deadline is corrected. It means that VAT should be paid in case the deadline of 90 days is expired but can be refunded provided the export is made within 360 days.

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