- Hungary’s autumn tax package was made available for public consultation on October 16, 2024
- VAT regulations related to special tax exemption for small taxpayers are proposed
- Sale of natural gas transmitted through pipelines in the EU will be subject to reverse charge
- Amounts must be rounded to HUF 1 in the Domestic Purchases List
- References to the Act on Development and Protection of the Built Environment will be dropped from the VAT Act
- Exemption of VAT and excise taxes for non-commercial importation of goods will only be granted to individuals in border zones
- Regulations on e-cash registers are amended
- Power of attorney for customs representation must be submitted before the start of customs procedure
- Requirements for exemption from providing securities for VAT must be fulfilled before submitting the request for exemption
Source: kpmg.com
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.
