Are you sure that your intra-Community supply is tax exempt? What documents are required to prove?

As a result of the free movement of goods and globalization, companies sell products to othermember states of the European Union countless times as part of their economic activities. Under certain conditions, intra-Community product sales may be tax-exempt under the Hungarian VAT Act, in accordance with the EU VAT Directive. One of these conditions for tax exemption is that the product is delivered to another member state. Nevertheless, this fact itself is not sufficient, but it must also be proven in the case of a tax audit. In this article we focus only the transportation and the related evidences as part of the legal conditions of the tax-exempt intra-Community transaction, and we do not investigate the further settings.

Taxation of e-commerce

People spend time daily on the internet for work, study, and entertainment, which calls for life e-commerce, offering a great possibility for businesses, since e-commerce is less costly than traditional methods.

Taxation of the automotive industry – problems along the chain

The automotive industry plays a significant role in the Hungarian economy; it already makes over 10% of the GDP and employment, while it is the fastest growing sector. Hungary’s strategic geographical location, highly developed logistics and infrastructure, cost effective and high-level production capability determines the country as a regional distribution centre and a service hub for the CEE region.

2017 amendments in the Hungarian VAT legislation

From 1 January 2017, the scope of goods and services subject to the reduced VAT rates will be extended.

2016 amendments to the VAT and invoicing legislation in Hungary

The new year brought several changes connected to VAT too.