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Hungary cuts VAT on new build dwellings

  • Dec 27, 2015 | Richard Asquith
Hungary cuts VAT on new build dwellings

Hungary has approved a reduction in the VAT rate on the construction of new dwelling from the standard rate of 27% to 5%. The new rate will only be temporary, lasting between 2016 to 2019.

The move is aimed at kick-starting the construction sector in Hungary, and boosting employment in the sector.

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara