Hungary: IOSS Regime information booklet 2023
The Hungarian National Tax and Customs Administration recently released Information Booklet No. 97, which serves as a comprehensive guide for businesses, providing them with necessary information on the Import One Stop Shop (IOSS) regime and modifications concerning the importation of goods for the year 2023. The booklet is intended to help businesses as well as individuals understand their obligations under the IOSS regime and covers a range of relevant subjects, such as:
- Up-to-date guidelines on VAT payment on the importation, including any revisions made to the regulations.
- Information on the recent amendments made to the regulations of intra-community distance sales of goods.
- Annulment of the formerly applied VAT exemption on low-value imports.
- Implementation of electronic tax payments.
- Streamlined payment and declaration systems for VAT.
- The expansion of the OSS system and what it entails.
- Guidance on the IOSS registration procedures, including requirements and consequences of utilizing the import scheme.
- Necessary information regarding the enrollment process for the EU, non-EU, and import regimes.
Source: nav.gov.hu
