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Deadline Approaching for Foreign VAT Refund Claims in Hungary

  • 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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