- Deadline for reclaiming VAT paid abroad is September 16, 2024
- Hungarian companies cannot reclaim VAT paid abroad in their Hungarian tax returns
- Two methods to reclaim VAT paid abroad: registration in the EU country or through a separate procedure for foreign VAT refund
- Definition of “abroad” includes all EU countries and 6 other countries with bilateral agreements with Hungary
- Process for reclaiming VAT involves filling out a specific form and submitting it electronically
- Conditions for VAT refund include being a foreign taxpayer in the country, not having economic residency or local transactions in the country, and using the product or service for taxable economic activities
Source: grantthornton.hu
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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