Irrecoverable debts

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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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?

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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.

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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.

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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.

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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.

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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.

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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

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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

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.