Hungary VAT form guide

The VAT return is a periodic compilation where taxpayers must report all transactions relevant for VAT purposes carried out during the reporting period. If no taxable activities are performed, a nil VAT return must still be submitted. In Hungary, it is also mandatory to submit the Control Statement (ledger report) at the same time as the VAT return.

Deadlines and Frecuency

The deadline for submitting VAT returns in Hungary is by the 20th day of the following month, regardless of whether you submit returns monthly or quarterly. Nevertheless, if you file VAT returns annually, the deadline for submission is by the 25^th of February of the following year.

There is no requirement to submit an annual VAT return in Hungary.

If your Hungarian VAT return results in a payable position, the VAT payment must be made by the same deadline as the VAT return submission. VAT payments are made via bank transfer, and timely settlement and correct reference of payment are crucial to avoid issues. Marosa will provide you with updated payment instructions every reporting period you need to make a VAT payment.

If the VAT return results in a credit position, the excess input VAT can either be carried forward to the next period or refunded upon request. The refund is claimed directly through the VAT return, and the client’s bank account number must be included to facilitate payment. The Hungarian tax authorities will only issue a refund if specific conditions are met:

• the taxable person must be registered in Hungary and must perform taxable supplies.
• Additionally, the refundable VAT must exceed the following thresholds based on the taxpayer's reporting frequency:
  • HUF 1 million (approx. EUR 2,500) for monthly filers
  • HUF 250,000 (approx. EUR 650) for quarterly filers
  • HUF 50,000 (approx. EUR 130) for annual filers

If these conditions are not met, the excess VAT will be carried forward to offset future VAT liabilities. Your Marosa team will provide you with the necessary information and guide you through the required steps.

VAT Manual

Find additional information in our VAT manual VAT in Hungary.

VAT Templates

Below you’ll find VAT templates available in English: