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Hungary raises VAT registration threshold

  • EU VAT
  • 14 November 2017 | Richard Asquith

Hungary raises VAT registration threshold

Hungary is planning to raise its VAT registration threshold from HUF8 million to HUF12 million from 1 January 2019.  The threshold does not apply to non-resident businesses, which must register at the time of their first taxable supply.

The proposal must be ratified by the European Commission since it is above the threshold agreed at the time of Hungary’s in 2004.hungary

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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 this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.