Hungary: Information Booklets on EU Intra-Community VAT Rules
The Hungarian National Tax and Customs Administration issued Information Booklets Nos. 27 and 29, providing comprehensive guidance on VAT rules for EU intra-community transactions. The booklets cover various topics, including:
- VAT Exemption and Treatment of Triangular Transactions:
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- Explaining exemptions on specific asset transfers.
- Detailing VAT treatment for triangular transactions, with exemptions for intermediate customers.
- Intra-Community Tax-Free Sales and VAT Treatment of Community Purchases:
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- Clarifying rules for tax-free sales within the community.
- Outlining VAT treatment for purchases of goods within the community.
- Taxation of Chain Transactions and Cross-Border Services:
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- Addressing the taxation nuances associated with chain transactions.
- Providing insights into the VAT treatment of cross-border services.
- Changes to Intra-Community Distance Selling Rules:
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- Highlighting modifications to distance selling rules within the community.
- Special Rules for Determining the Place of Performance for Services:
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- Elaborating on specific regulations for determining the place of performance for services.
- Invoice Issuance Requirements:
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- Outlining the requirements for issuing invoices in intra-community transactions.
- Detailed Information on Community Tax Numbers.
Source: gov.hu
