Hungary: Delayed implementation date, tentative VAT returns prepared by tax authority

The first tentative VAT return will be for the reporting period beginning 1 October 2021.

The first tentative VAT return will be for the reporting period beginning 1 October 2021.

A decree provides a delayed implementation date for value added tax (VAT) returns that will be prepared by the tax authority and presented to taxpayers as “tentative” VAT returns.

According to the decree, instead of the first tentative VAT return to be related to the reporting period beginning 1 July 2021, the first tentative VAT return will be for the reporting period beginning 1 October 2021. This implementation delay is in response to the emergency and economic situation resulting from the coronavirus (COVID-19) pandemic. 

Import VAT self-assessment permit, input VAT related to import of goods

The data relating to import VAT payable by taxpayers in possession of an import VAT self-assessment permit (for the import of goods and input VAT related to import of goods) will first be included in the VAT return for the VAT reporting period after 31 January 2022.

The implementation date depends on the taxpayer status. For instance, different dates of implementation apply to taxable persons that:

  • Declare the acquisition of crops and metal goods subject to the reverse-charge mechanism
  • Declare intra-Community acquisition or import of passenger cars, or the supply of new means of transportation
  • Request a deferral of payment due to compensation based on epidemiological measures concerning animal diseases

For these taxpayers, the first tentative VAT return (to be prepared by the tax authority) will be the VAT return relating to the reporting period that includes 1 July 2022.

Taxpayer review and revision of the tentative VAT returns would be possible using an official form issued by the tax authority.
 

Read a July 2021 report prepared by the KPMG member firm in Hungary

 

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