VAT in Hungary

Hungary applies VAT to most goods and services, and the authority NAV gives the general rate as 27 percent of the taxable amount. For a company owned from abroad, the practical questions are when to register, how to invoice customers in other countries and how to file returns on time.

A good VAT adviser explains how your invoices are treated when the customer is a Hungarian business, an EU business or a consumer, and whether you need an EU VAT number for cross-border sales. Ask who prepares the return, how often it is filed and how the firm handles a query from the authority.

Accountanty lists 48 firms that offer VAT services in Hungary: 38 accounting firms and 10 corporate services providers, 31 of them small, 9 medium and 8 large networks. Hungarian is offered by 41, English by 38 and German by 14, and 33 say foreign clients are part of their work. Most VAT work is bundled with accounting, so compare what the monthly fee includes. The Hungary guide explains how a company is registered in the first place.