The changes entered to force from 1 July prompted experts who prepare VAT returns to reconsider certain things. From the second half of 2020, the value limits on incoming invoices to be declared on MSheets of the VAT return and outgoing invoices to be reported in the Hungarian Tax Authority online invoice data reporting system were eliminated.
Read moreElectric car related tax allowances also prompt companies to buy e-cars. There is no vehicle tax, registration tax, company car tax, and the purchase is also exempt from the duty on onerous transfer of property while car users can enjoy the benefits of having a green number plate.
Read moreThe Hungarian Energy and Public Utility Regulatory Authority has published the 2020 green premium tender. Power plants producing electricity from renewable energy sources will be able to apply for price support this autumn for a period of 15 years.
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