Hungary imposes new VAT declaration
The new measure, which came into force on 1 January 2013, requires a further recapitulative statement alongside the EU Sales List. The filing should list all Hungarian domestic sales or purchases at or above Hungarian Forint 2,000,000. Details of the recipient/supplier must also be provided, including their Hungarian tax number. Transactions with non-Hungarian businesses (non permanent establishment) are exempt – these dealings will be captured through the regular ECL.
The measure was introduced by the latest Hungarian VAT Act.
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