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Hungary changes VAT rules on car sales

  • Apr 17, 2013 | Richard Asquith
Hungary changes VAT rules on car sales

The latest Hungarian VAT Act makes provision for changes on the VAT liabilities on cars, as follows:

  1. Sales of cars with non-allowable VAT will now be VAT exempt if there is no VAT on the sale of the vehicle.
  2. Companies leasing cars on long-term (longer than one year), finance leases may offset tax against the motor vehicle tax.
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara