VAT Registration and Compliance Services in Hungary

Your business is our focus!

Foreign companies operating in Hungary may have VAT registration obligations, even if they have no physical presence in the country. 

Our firm specializes in assisting foreign businesses with VAT registration and ongoing compliance in Hungary. We provide a full suite of services to ensure your company stays fully compliant with local regulations:

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Please note:
At present, we are unable to accept sole proprietorships, as our services are primarily tailored to corporate entities. Thank you for your understanding.

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When is VAT registration required in Hungary for foreign companies?

Foreign companies operating in Hungary may be required to register for VAT (Value Added Tax) even without having a physical presence in the country. Common scenarios that cause a VAT registration obligation include:

  • Distance sales to Hungarian private individuals above the EU threshold (yearly EUR 10,000);
  • Importation of goods into Hungary;
  • Intra-community acquisitions or supplies involving Hungarian warehouses;
  • Provision of certain services to Hungarian non-VAT payer customers with a place of performance in Hungary;
  • Holding inventory in Hungary or operating through a permanent establishment.

What is the risk of failing the VAT compliance?

Failing or delaying the VAT registration may lead to a default penalty up to HUF 1 million (cca EUR 2,500) and the Hungarian Tax Authority could levy a default penalty up to HUF 2 million (cca EUR 5,000) for the failure of invoice issuance liability.

Any tax discrepancy discovered during an audit that has not been paid by the due date qualifies as a tax shortfall. A tax penalty of 50% may be imposed (or 200% if the shortfall is related to income concealment, the preparation or use of false receipts, records, or books, or their falsification or shredding) after a tax shortfall. In addition a late payment interest may be charged from the original due date up to the date of the audit minutes, but for no more than three years. This interest is calculated daily based on the central bank’s base rate (currently 6.5%) plus five percentage points, divided by 365.

Avoid compliance risks – let us handle your Hungarian VAT obligations!

Our firm specializes in assisting foreign businesses with VAT registration and ongoing compliance in Hungary. We provide a full suite of services to ensure your company stays fully compliant with local regulations:

  • Advising whether your business needs to register in Hungary and which local obligations you have;
  • VAT registration with the Hungarian Tax Authority (NAV);
  • Preparation and submission of regular VAT returns;
  • Filing of EU Sales and Purchase Lists (recapitulative statements);
  • If necessary, Intrastat registration and preparation and submission of Intrastat reports;
  • Communication with the tax authorities on your behalf;
  • Assistance in tax audits, comment on audit minutes, and preparation of appeals;
  • Continuous monitoring of your activities to ensure compliance;
  • Answering VAT compliance-related questions and providing ad-hoc tax advice.

You can rely on us to achieve your goals.

How we work with you

Save more tax while increasing employee satisfaction!

- Learn more about our Synergy HR + Tax service

We understand your challenges

Why choose us?

Extensive experience with foreign clients across various industries;

Fast and reliable registration process;

Digital document processing for a fast and efficient service;

Proactive compliance monitoring and advisory;

Highly qualified, multilingual tax advisors;

International support through the Russell Bedford global network, covering multiple countries;

Transparent fees with no hidden costs.

Contact us today to learn more about professional VAT compliance services.

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More than 15 years of tax transparency experience

Our tax experts have conducted due diligence for hundreds of companies, and we apply this experience to benefit your business as well.

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We constantly monitor tax changes

Tax regulations change frequently. Our expert tax advisors continuously monitor the latest developments, take them into account, and apply them throughout our due diligence processes!

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We carry out an effective investigation

Over the years, we have perfected a detailed schedule and well-developed process for tax due diligence. That’s why we won’t waste time with your case instead, we efficiently complete our tasks, allowing you to benefit from the results quickly.

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Language skills

Is it important to you that we share the results of the tax due diligence with the owners or managers of your parent company? We are available in English and will be happy to present the results!

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Industry-specific expertise

Industry knowledge is critical in taxation to achieve optimal results. ICT Európa’s tax advisors possess extensive industry-specific expertise, providing an additional level of assurance for our clients.

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Liability

We assume financial liability for the professional advice provided during our tax reviews. This represents a further guarantee and security for our clients.

Your business at the center

We will find the best tax options for you!

Monthly management report, sent after the month in question

No surprises at the end of the year!

Our monthly closures give you peace of mind

Your company

Tailored turnover, profit and balance sheet datas

We show the amount of corporation tax and business tax to be paid in the future

We calculate tax and tax base adjustments and possible allowances on a monthly basis.

Details

Stay ahead of your competitors in taxation!

By taking advantage of legal tax optimisation opportunities thanks to our tax due diligence, your business will be even more successful! Stay one step ahead of your competitors in this area too!

No fixed date, let's talk about it!

Learn more about our Company!

Our Group in numbers

175+

Experts

50+

Professional publications per year

15+

Years of professional experience

350+

Satisfied clients

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FAQ

FAQ

Tax advisors ensure that your business remains compliant with applicable regulations while minimising tax liabilities, thereby increasing profitability. Their work also helps mitigate tax-related risks. 

For small, medium and large companies who want tax certainty, planning and optimisation of their tax processes.

Tax advisory is an ongoing service, as tax legislation changes regularly. Continuous advisory support provides sustained financial benefits for businesses. 

During the initial consultation, we gain a comprehensive overview of your company’s tax position and define the key objectives. This typically takes approximately one hour.

Our experts continuously monitor legislative changes to ensure ongoing compliance with current regulations. In addition, our professional liability insurance provides financial guarantees. 

Contact

Contact us!

Our colleagues will contact you within 24 hours will provide you with further details.

91-93. Budafoki street, Budapest, 1117
IP West Office Building 4th Floor

Form-bg

Contact us!

Please note:
At present, we are unable to accept sole proprietorships, as our services are primarily tailored to corporate entities. Thank you for your understanding.