VAT recovery on bad debts? Yes, it is possible.
Your business is our focus!
Have you also encountered the unfortunate situation of dealing with a non-paying business partner? While unfair contracting parties cannot always be filtered out in advance, we can help you reduce the resulting financial loss. Since 2020, businesses in Hungary have had the opportunity to reclaim VAT paid on irrecoverable receivables. The ICT LEGAL team is ready to support you in these cases as well.
More than 200 companies have already chosen our services.
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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.
Challenges
A truly strategic partner for the long term
Discover the most common challenges companies face — and how we can help you overcome them.
Is VAT recovery on bad debts possible in your case?
In order for a business to become eligible for VAT recovery on bad debts, a number of strict conditions must be met. The applicable rules are complex and require careful legal and tax assessment. This solution may be applied where a receivable can be proven to be irrecoverable, for example: there is demonstrably insufficient coverage, or the debtor is subject to enforcement, liquidation or compulsory dissolution proceedings.
Do you feel that you have suffered a significant financial loss?
Without exaggeration, paying VAT on an irrecoverable receivable represents a double loss. This situation is further complicated by the fact that most business owners are not tax or accounting experts. If you feel lost when interpreting VAT law amendments, understanding the procedural steps or managing the reclaim process, entrust the entire process to us.Our expert team will guide you through the regulatory maze step by step — all the way to recovering a portion of funds you may have considered lost.
Worried that VAT recovery involves excessive administration?
With years of experience and numerous successful cases, we are happy to take over the entire VAT recovery process on your behalf. Our professional team assists with preparing the required documentation, submitting notifications to the tax authority, and managing the self-revision process. This allows you to focus on what truly generates value: business development and operating your company.
Doubting the success of VAT recovery?
You are not the first client to approach us with similar concerns. ICT LEGAL’s experts know exactly what is required to ensure a successful VAT recovery on irrecoverable receivables.We ensure that you recover the VAT you are legally entitled to — as we have done successfully in numerous cases, including claims involving tens of millions of forints.
Request a no-obligation consultation!
Benefits
Why choose us?
Extensive expertise
Maximise the recoverable VAT amount with minimal administrative burden. ICT LEGAL’s expert team has substantial experience in VAT recovery on bad debts, ensuring that you reclaim the highest possible amount of VAT for your business.
Up-to-date regulatory knowledge
It is unrealistic to expect business leaders to track constantly changing and complex tax legislation instead of focusing on growth. We do this for you. By continuously monitoring legislative changes, we ensure a compliant and successful VAT recovery process.
End-to-end case management
We manage every step of the process. You do not need to prepare documentation, struggle with administration or communicate with the tax authority — we handle everything from start to finish. It really is that simple.
VAT recovery in the shortest possible time
We understand how frustrating financial loss caused by irrecoverable receivables can be. Thanks to our expertise and efficiency, we complete the VAT recovery process as quickly as possible — enabling you to regain liquidity without unnecessary delays. Do not waste valuable time — entrust our professional team today.
Tailored advisory and full attention
No two cases are the same, and ICT LEGAL never relies on template solutions. During a personal consultation, we assess your specific situation and tailor the approach to maximise the VAT recovery amount available to you.
Risk minimisation and secure procedures
Tax and legal errors can have serious consequences — but not for our clients. With ICT LEGAL’s expertise, you can be confident that all regulatory requirements are met, without exposure to penalties or sanctions.
Details
We help you recover your VAT
15+ years of experience and tens of millions of forints in recovered VAT — this is ICT LEGAL in numbers. Regardless of industry, we apply our expertise to minimise financial loss. Our near-100% success rate speaks for itself.
No fixed date, let's talk about it!
How we will work together
Initial consultation
The process begins with a preliminary consultation, during which ICT LEGAL experts review your receivables, assess their status and determine VAT recovery opportunities.
Collection of documentation
We collect all required documentation supporting the irrecoverable nature of the receivables, including contracts, invoices, payment reminders and other relevant legal documents.
Analysis and qualification of receivables
Our experts analyse each receivable to ensure legal substantiation and compliance with VAT recovery regulations. At this stage, it is determined which receivables qualify as irrecoverable.
Preparation of the VAT recovery claim
Once all necessary data is available, we prepare the VAT recovery application, including legal references, receivable details and all required annexes.
Communication with the tax authority
ICT LEGAL submits the VAT recovery claim and represents you throughout the procedure, handling all communication with the tax authority and responding to any follow-up requests.
Monitoring results and closing the recovery process
At the final stage, we track the outcome of the procedure and inform you of the recovered VAT amount. Where necessary, we take additional legal steps to ensure success.
Learn more about our Company!
Our Group in numbers
175+
Experts
50+
Professional publication per year
15+
Years of professional experience
350+
Satisfied clients
Your business at the center
We help you secure multi-million Development Tax Allowance benefits
Assessment of eligibility criteria
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.
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
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FAQ
FAQ
Invoices, contracts (confirming VAT payment and contractual relationship), payment reminders, court decisions or enforcement documents, as well as any relevant bank records supporting the irrecoverability of the receivable.
The duration depends on case complexity, document availability and the efficiency of communication with the tax authority. In general, the process takes several months, and ICT LEGAL does everything possible to ensure you receive your funds as quickly as possible.
With nearly two decades of experience, we avoid common pitfalls and follow the most efficient and secure path to success. We manage the entire process — from documentation to communication with the tax authority — minimising risk and maximising recovery potential, while freeing up your time and resources.
We stay fully up to date with the regulatory framework and take the entire process off your shoulders — from preparing the required documentation to liaising with the Hungarian tax authority (NAV). By doing so, we minimise risk and maximise the likelihood of a successful VAT recovery.
This frees up valuable time and energy for you to focus on your core business activities.
Fees depend on case complexity and claim size. ICT LEGAL offers a flexible pricing structure, recognising that each case is unique and requires a tailored approach.
- We are also open to success-fee-based arrangements, meaning you only pay once the VAT has been successfully recovered.
- There are no hidden costs — all terms are agreed in advance and handled transparently.
Do not let recoverable VAT go to waste — contact us today.
We are happy to assist you. Contact us via the forms on our website, email us at info@icteuropa.hu , or call +3613344279 .
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.