VATLive > Blog > VAT > Hungary 2017 retailer tax - Avalara

Hungary 2017 retailer tax

  • Jan 29, 2016 | Richard Asquith

Hungary 2017 retailer tax

Hungary is considering a new levy on large chains of retailers. The proposal follows a similar Polish proposal to levy a 2% turnover tax on supermarkets.

Hungary’s proposal would extend to all sectors of retailers, but only to chains.

If approved, the new tax would likely be introduced in 2017.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.