On 15 December 2021, the Hungarian Parliament adopted the tax changes for 2022 submitted on 23 November 2021.
- Repeals the provisions relating to the tax authority offering draft VAT returns, which means companies will have to bid farewell for now to the introduction of the e-VAT system which has already been postponed several times.
- The reverse charge on the supply of certain cereal and steel products and on the transfer of the marketable right (allowance) on greenhouse gas emissions has been extended in line with changes in EU law. This means that reverse charging will not be abolished in these sectors after 1 July 2022 either.
- The adopted changes provide a tax exemption with regard to product imports, purchases of goods and services by the European Commission or an agency or body established under EU law which are necessary for the performance of the tasks assigned to these institutions, so as to respond to the coronavirus pandemic
Source WTS
