Amendments in Value Added Taxation from 2017

November 29, 2016

As from 2017 certain rules of Value Added Taxation will be modified. The newsletter lists the modifications:

  • extending the threshold for VAT exemption for SMEs,
  • extending the list of supplies of goods and services fall within the scope of reduced rate of 5% and 18%,
  • changes of invoicing rules, and
  • the rules to be applied for real estate transactions based on the EU Regulation that will be directly applied in Hungary as from 2017.

If you are interested in the above topic please contact our experts at Ecovis Tax Solution who would be entirely at your disposal to assist you.