VAT debt assumption is a lesser-known legal institution that ensures lawful tax optimization assisted by the tax authority. It is a possibility worth considering when high-value transactions and payment difficulties arise.
A business transaction may take place without the actual payment of VAT, i.e. by the payment of the net consideration, provided that certain conditions are met. Our legal team will guide you through the entire debt assumption process, from consulting the tax authorities to signing the contract.
When debt is assumed, the obligation of the company issuing the invoice and obliged to pay VAT is fulfilled by the company receiving the invoice, using the amount that can be reclaimed as a result of the VAT deduction. The VAT debt assumption is approved by the tax authority, and it ensures the following benefits:
Our experts will help you assess the conditions of VAT debt assumption.
Contact our experts to find out if your company features any of the following:
From the preparation of the agreement to the signing of a contract, you can count on us throughout the entire process of VAT debt assumption, as follows:
As a result of our experience with the Hungarian Tax Authority, we are highly familiar with the conduct of tax authority processes, therefore we can use our skills and effective communication when representing you in the use of the legal institution of VAT debt assumption.
Contact our expert directly or send us an offer request!