Hungary VAT
In most cases, Hungary Value Added Tax is payable at a rate of 20%.
There is a reduced 5% rate that relates mainly to products and services such as books and medicines.
Dates for Filing Reports
Reports must be filed monthly or quarterly with the VAT Authorities, with the report and payment being made by the 20th day of the month following the period relevant to the report.
A monthly return must be made by the owner of a business for which the VAT payable in the previous year was in excess of HUF 1 million.
