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VAT Advisory Services for Businesses

Value Added Tax ("VAT") is a complex and constantly evolving area of taxation, presenting challenges for businesses operating in both domestic and international markets

The complexity of VAT rules and the constantly changing domestic and international tax environment mean that the correct VAT treatment of a transaction can have a significant impact on a business's operations and tax risks.

Our experts advise on VAT matters arising in day-to-day business and on the tax treatment of domestic and international transactions. We help determine the appropriate VAT treatment of individual transactions, identify VAT and registration obligations, and assess related tax and administrative risks.

Our aim is to provide practical, commercially relevant solutions that help clients comply with applicable legislation while reducing VAT-related financial and operational risks.

Our VAT Advisory Services

We support clients throughout the lifecycle of their domestic and international transactions with tailored VAT advisory services.

VAT Advisory

We advise on the VAT treatment of domestic and international transactions and help clients identify appropriate tax solutions. We assess the VAT implications of individual transactions and the applicable tax rules.

VAT Return Preparation

We assist clients with preparing VAT returns, processing the necessary data, and meeting filing obligations. Our aim is to help your business submit accurate VAT returns on time with reliable professional support.

VAT Registration and International Compliance

We assess VAT registration requirements in Hungary and abroad and assist with the registration process. We also help determine VAT and reporting obligations arising from cross-border transactions.

VAT Audits and Compliance Reviews

We review VAT returns, recapitulative statements, invoicing practices, and related tax processes. The review aims to identify errors and potential tax risks and help establish the appropriate VAT treatment.

International VAT and Cross-Border Transactions

We advise on the VAT treatment of transactions within the EU and with non-EU countries, including supplies of goods, services, purchases, and other cross-border transactions.

Specialist VAT Matters

We advise on a range of specialist VAT matters, including real estate transactions, permanent establishments, Online Invoice Data Reporting, EKAER reporting obligations, and other complex VAT issues.

Tax Authority Procedures and Representation

We assist clients in preparing requests for rulings from the Hungarian National Tax and Customs Administration (NAV) and other submissions to the tax authorities. We also provide professional support and representation during tax audits and other tax authority procedures.

Ongoing VAT Support

We provide support with VAT questions arising in day-to-day operations, responses to tax authority enquiries and requests for additional information, and determining the VAT implications of individual transactions.

VALUE ADDED TAX · VAT COMPLIANCE

Meeting VAT Obligations in compliance with applicable legislation

Addressing specific VAT questions often requires a detailed review of transactions, contractual terms, and applicable tax rules. We provide expert support in assessing the VAT treatment of complex transactions, identifying tax risks, and developing appropriate tax solutions.

As part of our services, we prepare clients' periodic VAT returns, process the required data, and support them in meeting their filing obligations. Through ongoing cooperation, we help clients fulfil their VAT obligations in accordance with applicable requirements, supported by reliable professional advice.

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VAT Compliance

Resolving Specific VAT Issues

Ongoing Support

Preparation of VAT Ledgers

Filing VAT Returns

Transparent processes. Consistent data. Expert support.

Frequently Asked Questions

We have compiled answers to some of the most common questions businesses have about VAT treatment.

A valid invoice issued in the business's name is not, in itself, sufficient to establish the right to deduct VAT. It is also necessary to consider, among other things, whether the purchase serves the purposes of taxable business activities and whether the other statutory conditions for deduction are met. Specific deduction restrictions may also apply to certain expenses. Read more about the right to deduct VAT.

Requesting a ruling from the Hungarian National Tax and Customs Administration (NAV) may be appropriate for complex or uncertain tax matters where the VAT treatment of a transaction could involve significant tax risks. A well-prepared request should clearly describe the facts of the transaction and define the relevant tax law question. Find out when it may be necessary to approach the tax authority.

VAT registration requirements depend on the business's activities, the type and place of supply of its transactions, and the countries involved. Cross-border transactions may trigger a VAT registration requirement in another country. The specific obligations must be determined by examining the circumstances of each transaction. Read more to find out whether you may need to register for VAT.

When determining the VAT treatment of a transaction comprising several elements, it may not be appropriate to assess each supply separately. Where the elements are closely linked from an economic perspective, they may constitute a single composite supply, which can affect the applicable VAT treatment and rate.

The letting of real estate is generally treated as VAT-exempt, although a taxable person may, subject to certain conditions, opt to make it taxable. The type of property, the nature of the letting, and the option exercised by the taxable person may therefore all be relevant when determining the VAT treatment.

Have a VAT question?

Whether you need advice on the VAT treatment of a specific transaction, international VAT registration, a compliance review, or a complex tax matter, our experts are ready to assist.

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