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:
Scroll down for more information!
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.
We know your challeges
A truly strategic partner for the long term
Discover the most common challenges companies face — and how we can help you overcome them.
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 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.
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-specific expertise
In taxation, industry knowledge is critical to achieving optimal results. ICT's tax experts possess extensive industry-specific expertise, providing you with additional assurance and confidence.
Liability
We assume financial liability for the professional advice provided during our tax reviews — offering you a tangible guarantee and peace of mind.
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 publication per year
15+
Years of professional experience
350+
Satisfied clients
Testimonials
Our clients said
Átlátható, proaktív könyvelés
“I enjoy working with you because you are extremely efficient, our accounting has become transparent and easy to follow thanks to you, and you always respond quickly to my questions. The biggest advantage for me is that with you, accounting is not just a “mandatory task,” but you convert the numbers into valuable data that I can use to make decisions.”
Balázs Háromfai
Biobubi Franchise Kft. – CEO
Tax optimization
Enikő Bakó
CEO - Pan–Italia Kft.
Due diligence
"Based on its broad and high-quality professional coverage, the ICT group did an excellent job for us in carrying out the entire due diligence process, thus contributing significantly to the successful acquisition of Unichem Kft by our group's parent company, Donauchemie AG."
Antal Braunecker
Donauchem Kft. – CEO
Comprehensive, complex services
"We have experience with ICT in the areas of accounting, taxation, and auditing. Our daily collaboration works very well, and we receive professional support during our joint work. Their supportive attitude, professional knowledge, and teamwork are unquestionable. Based on our previous experience, we trust that they will perform their tasks with the highest level of professional expertise."
Katalin Pálinkás
WebEye Hungary Kft. – CFO
Legal services
“The ICT Europe team worked with maximum precision and speed on every project, ensuring that deadlines were always met. Thanks to the team's outstanding communication skills, legal issues were resolved quickly and efficiently, which contributed significantly to the success of our work. Their expertise and commitment enabled us to move forward smoothly, ensuring the highest level of service for our clients. The professional knowledge and commitment of the firm's staff ensured that we were supported with the highest quality legal services, so our collaboration was truly flawless.
László Derecskey
Belvárosi Nyomda Zrt. – CEO
Accounting and advisory
“I am very grateful to fate that I have a service provider like the ICT Group as my partner. Through the SLM system, accounting is very simple, up-to-date, and easy to track. In addition to accounting, they provide many consulting and legal services that are very useful in everyday life. The contact persons are highly trained in their fields, helpful, and, importantly, available when needed."
Zoltán Seprenyi
Zconcept Kft. – CEO
Legal services
“Over the past few years, we have used ICT Europe’s corporate and labor law services on several occasions and have been very satisfied with them. They have always provided professional and thoughtful answers to our questions. Throughout our collaboration, we have always felt their expertise and reliability, so we can confidently recommend them to anyone who needs high-quality advice."
Gergely Ujváry
HAFNER Pneumatika Kft. – CEO
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.
Legal services
“Több, mint 3 éve dolgozunk együtt az ICT-vel. A közös munkánk pont akkor kezdődött, amikor a cégünk fejlődése már megkívánt egy komplexebb könyvelői hátteret. Hideghívással kerestek meg minket, a tipikus „jókor voltak jó helyen” példája.
Elsőre profinak, magabiztosnak és megnyerőnek tűnt a csapat. Igyekeznek ’mindenben is’ támogatást nyújtani, amire egy cégnek szüksége lehet, az ajánlásaikkal több munkakapcsolatot alakítottunk már ki ügyvédi, vagy akár controlling területen.
Az állandóan változó világ minden cég számára hoz kihívásokat. Az ICT kollégái rugalmasan, pozitívan állnak minden újdonsághoz – a véleményüket is elmondják, de ha szükséges, tanulnak is velünk együtt.”
Varga Zsuzsanna
Két-KATA Kft. – Gazdasági vezető helyettes
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!
FAQ
FAQ
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
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.