Value Added Tax
Restriction of validating Tax reduction right duration
In case of purchasing within the EU and in case of VAT established by self taxpaying- tax reduction right will be validatable only in the period when the reducable tax revealed.
Periodically settling transaction changes
In case of periodically settling transactions the period of performance will be the last day of the paying period or settlement according to the main rule.
Changes for grouped taxpayers
From 2016 the possibilities to join the VAT group of economic companies operated by Govt. or local autonomies will be increased.
Exemption of Invoice issuing
If foreign taxpayer provides telecommunication, media or other E-communication service for Hungarian individuals, he/she doesn’t have to issue invoice, only if the customer requires.
5% VAT key for newly built real estates
This new law applies to apartments with have less than 150 sqm place or houses with less than 300 sqm place. The new VAT key can be applied for invoices issued after 1st January 2016.
Lump sum price for product fee liable vehicle parts
New option for vehicle manufacturers and dealers. An option for quantity based lump sum price paying. The first domestic distributor or stockpiler can choose the lump sum price payment for vehicle parts.
Registration tax
No tax will be applied for the 100% electronic, aerial charged hybrid electronic, zero emission and extended range hybrid vehicles.