VAT news tagged as "Internet services"

Hungary

Hungary drops VAT on internet services to 5%

December 23rd, 2017

From 1 January 2018, internet services provided to consumers will be charged at the reduced VAT rate of 5%. Such services are currently liable to the 18% reduced VAT rate. Until Jan 2017, the VAT rate was the standard rate, 27%. The subsidy to boost internet adoption will cost the government an estimated €70m per annum.


Hungary

Hungary challenged on internet VAT

July 21st, 2016

The European Commission has requested that Hungary delays its planned cut in VAT on internet services. The EC believes the planned January 2017 reduction from 27% to 18% VAT is in breach of the EU VAT Directive. In particular, internet service connections are not included in Annex II of the Directive which lists supplies which …