Hungary imposes new VAT declaration
- European News
- 8 January 2013 | Richard Asquith
The new measure, which came into force on 1 January 2013, requires a further recapitulative statement alongside the EU Sales List.The filing should list all Hungarian domestic sales or purchases at or above Hungarian Forint 2,000,000. Details of the recipient/supplier must also be provided, including their Hungarian tax number. Transactions with non-Hungarian businesses (non permanent establishment) are exempt – these dealings will be captured through the regular ECL.
The measure was introduced by the latest Hungarian VAT Act.