Indirect tax ebook - Hungary

The main indirect tax is value added tax (VAT). Although VAT has generally been harmonized within the European Union by various European commission directives, there are still a lot of different practises, habits and loopholes in the individual countries. The Hungarian VAT Act follows the structure of the European VAT Directive.

The highly specialized Hungarian Indirect tax team can help national and international clients with all compliance and advisory work in indirect taxes. We are committed to provide innovative solutions on a local and an international basis. In particular, we provide you with the following services 

• VAT compliance
• VAT registration 
• Preparation of all necessary VAT returns and notices 
• Foreign country VAT refund claims’ submission (Hungarian taxpayers, Swiss and Liechtenstein companies)
• VAT due diligence and VAT review 
• Assistance in tax inspections and appeal procedures
• VAT advisory  
• Advisory services 
• Discussion with official bodies concerning the interpretation of tax rules 
• Assistance in applying for an interpretation of VAT issues from a tax office
• Assistance in applying for an official binding ruling
• Representation in court proceedings
• VAT planning  
• Establishing VAT effective business structures throughout Europe. 
• Advice on mergers and acquisitions including VAT effective acquisitions structures.
  
  

The Hungarian International Indirect Tax team consists on specialized colleagues, qualified as tax advisor. We serve almost all business sectors, for example

• automotive sector,
• building sector, 
• health sector,
• manufacturing and contract manufacturing,
• multi-level marketing and other distribution-structures, 
• trade, 
• etc.
  
  

• Introduction
• Scope
• Registration
• Tax rates
• Reporting & filing
• General tax application/Time of supply