Intrastat in Hungary: Who is affected and what are the obligations?
Date23 Sep 2024
In Hungary, the Central Statistical Office (Központi Statisztikai Hivatal, KSH) is responsible for managing and overseeing the Intrastat system. This article outlines the process for submitting Intrastat declarations in Hungary,...
Reading time: 3 min
Allegro enters the Hungarian market: A new opportunity for e-commerce sellers
Date09 Sep 2024
CategoryE-commerce
Allegro, the largest e-commerce platform in Poland, will soon expand its operations to Hungary. This expansion is part of the company’s international growth strategy and opens up new opportunities for...
Reading time: 3 min
VAT rates in Hungary: A comprehensive overview of the tax system
Date29 Aug 2024
Value Added Tax, commonly known as VAT, is one of the key fiscal tools used by governments across most European Union countries to fund their budgets. The VAT system covers...
Reading time: 4 min
E-invoicing in Hungary: Requirements and process
Date30 Apr 2024
CategoryE-commerce accounting
E-invoicing has become an integral part of many tax systems worldwide, and Hungary is no exception. The implementation of electronic invoices in Hungary has undergone many changes and adjustments, and...
Reading time: 2 min
Hungary has introduced a VAT cut for internet access
Date12 Feb 2018
This move comes notwithstanding the fact that the measure could be in breach of EU law, as such services are not included in Annex III of the EU VAT Directive,...
Reading time: 1 min
Hungarian ‘live VAT invoice reporting’ will commence July 2018
Date30 Jan 2018
Hungary advised recently that ‘live VAT invoice reporting’ will proceed from the 1st July, 2018. The requirements relate to VAT invoices above HUF100,000.00. The timing of reporting has been tightened...
Reading time: 1 min