Hungary: Information Booklets on EU Intra-Community VAT Rules
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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:
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:
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:
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:
Highlighting modifications to distance selling rules within the community.
Special Rules for Determining the Place of Performance for Services:
Elaborating on specific regulations for determining the place of performance for services.
Invoice Issuance Requirements:
Outlining the requirements for issuing invoices in intra-community transactions.