- From January 1, 2025, to December 31, 2026, supplies of gas through natural gas systems in Hungary will be subject to a reverse charge mechanism for VAT, where the domestically registered buyer, classified as a taxable trader, will be responsible for paying the VAT instead of the supplier.
- The reverse charge applies to taxable traders primarily involved in gas resale, with negligible personal consumption, and requires both parties to confirm their VAT registration status upon request; specific data on transactions must be reported in VAT returns.
- Transitional rules will apply to advance payments made before January 1, 2025, where VAT on the advance will still be paid by the supplier, while any amount invoiced after this date will follow the reverse charge mechanism, with respective VAT obligations detailed for both buyers and sellers.
Source gov.hu
