EC extends Hungary’s VAT reverse charge mechanism for insolvency cases until 2026.

• The European Commission adopted a proposed decision to extend Hungary’s authorization for a special VAT measure
• The special measure applies the reverse charge mechanism to certain supplies exceeding 100,000 Hungarian forints
• The extension would last until Dec. 31, 2026, based on the measure’s positive impact, limited time, and narrow scope

Source: news.bloombergtax.com

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