Hungary - VAT Changes in Proposed Budget

May 24, 2017

Hungary – VAT Changes in Proposed Budget

Andrew Decker

Author

Sovos

This blog was last updated on June 27, 2021

Earlier this month the Hungarian government introduced a budget bill for 2018. Included in the budget is a proposal to reduce the VAT rate on fish, catering services, and internet services to 5%. The bill also confirms an implementation delay for the mandatory filing of B2B VAT invoices with the government, which was scheduled to start on July 1, 2017. A one year trial period will now take place prior to implementation in July of 2018.

Andrew Decker

Andrew Decker is a Regulatory General Counsel at Sovos within the Regulatory Analysis & Design Department. Andrew focuses on international VAT and GST issues and domestic sales tax issues. Andrew received a B.A. in Economics from Bates College and J.D. at Northeastern University School of Law. Andrew is a member of the Massachusetts Bar.

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