Hungary coronavirus VAT measures
- Mar 27, 2020 | Richard Asquith
Update: 27 March, Hungary has delayed the update of its live invoice reporting schema from 1 April until 1 July 2020.
The Hungarian tax and customs office has issued notice of tax payment deferrals following the spread of the COVID-19 virus. The measures mostly target individuals. However, businesses may apply for tax (including VAT) payment deferrals. But there is a HUF10,000 administrative fee.
The measures for tax and associated penalties and interest include:
- Postponement of tax payments
- Step repayment schedule
- Tax forgiveness
Follow Avalara’s live global coronavirus Covid-19 VAT measures tracker.