VAT Registration and Compliance Services in Hungary
Our focus is on your business!
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:
Scroll down for more information!
We know your challeges
We will be truly strategic partners in the future!
Find out what challenges are typically faced by the companies we can help.
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.
We can help you achieve your goals
How we will work for you
Save more tax while increasing employee satisfaction!
- Learn more about our Synergy HR + Tax service
We understand your needs!
Why should you 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.
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.
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!
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.
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!
Industry knowledge
In tax, industry knowledge is crucial to achieve the best possible results. Our tax experts at ICT have the most up-to-date industry knowledge, which is a guarantee for you.
Liability
We also take financial responsibility for the professional advice we provide during our tax due diligence! This is your guarantee and assurance!
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+
Professionals in our group
50+
Professional publication per year
15+
Years professional experience
350+
Satisfied clientels
Testimonials
Our clients said
Tax optimization
Enikő Bakó
CEO - Pan–Italia Kft.
Accounting
We chose ICT as our accountancy firm 7 years ago, we were welcomed by a professional team and the transition was smooth. Their professionalism, reliability and excellent communication have made this a balanced and harmonious partnership, whether it be for labour, payroll, accounting or tax. We work together in perfect harmony and seamlessly. As we operate a paperless office, we are happy to use the online system to upload documents, which supports our work with a wide range of statements and planning options.
Judit Bóna
CEO - Com-Forth Ipari Informatikai Kft.
General ledger
We switched from the risk of a small accountancy firm to the security of a professional accountancy firm. They created a structured order. They created security for accounting data. They anticipate the potential tax risks and tax benefits of each transaction. They provide fast and professional assistance in dealing with the tax authorities.
Róbert Kolonics
CFO - MICRO-TOP Kft.
Accounting
As a manager of a small business, I would never have imagined that "accounting" as a service could be run professionally, with responsibility! But I found what I thought did not exist!
Gábor Majoros
CEO - Enertech Hungária Kft.
Complex services
I like to work with you because, despite the fact that our company is not a simple structure (parent company in a 3rd country with a branch in another member state) and has a diverse supplier and customer base (domestic, EU and 3rd country), you are prepared, communicative, legally sound and up-to-date in your accounting tasks. It is a pleasure for me to be able to sit back and concentrate on other professional or managerial tasks!
Enrico Mák
CEO - Merico Zrt.
Complex services
Looking back on several years of successful and fruitful cooperation with ICT, I can confidently say that every day we confirm that it was the best decision to entrust our accounting, payroll and other consulting tasks to this team. The precise, accurate and comprehensive expertise that is concentrated in ICT is, for me, exemplary and respectable, and has been confirmed by many partners besides us. No doubt, we will continue to work with the ICT team in the future!
Bálint Farkas
CEO - Geodézia Zrt.
More services
Related services
The HR 361 Audit is not just a simple monitoring process. It is a complex approach covering all aspects of HR. Learn more about our service!
Keep your business safe in the field of labour law! Don't wait for an official inspection!
Find out how you can make your payroll processes more efficient with our due diligence service. Our experts identify errors, optimise payroll and ensure regulatory compliance.
FAQ
Frequently Asked Questions
Tax advisors ensure your business is compliant with the law while minimising your tax burden so you can increase your profits. Their work helps you avoid tax risks!
For small, medium and large companies who want tax certainty, planning and optimisation of their tax processes.
Tax advice is an ongoing service, as tax laws change regularly. The work of tax advisers is of ongoing financial benefit to companies.
The first consultation will give you an overview of your company's tax situation and identify the key objectives, which usually takes an hour.
Our experts are constantly monitoring changes in legislation to ensure that you are always compliant. Of course, our liability insurance also provides financial guarantees.
Contact
Contact us!
Our colleagues in 24 hours will provide you with further details.
91-93. Budafoki street, Budapest, 1117
IP West Office Building 4th Floor
