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Hungary VAT changes

  • Jul 17, 2018 | Richard Asquith

Hungary VAT changes

Hungary has proposed a range of VAT changes for January 2019, including:

  • Single-purpose vouchers where the underlying taxable supply can be determined must be taxed at the point of sale. Multi-use vouchers are not taxable at sale; instead at the point of redemption. This is in line with new EU guidance.
  • VAT on ESL and UHT will change to 5%
  • The domestic reverse charge mechanism, used to curb VAT fraud, will be extended on the supply of steel and grain products.

Need help with your Hungarian VAT compliance?

Researching Hungarian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.