OrbitaxOrbitax

Hungary Makes Retail Turnover Tax Permanent

|Approved Changes|Hungary
Hungary

As previously reported, Hungary issued a government decree in April that (re)introduced a retail turnover tax at progressive rates of up to 2.5% that applies for retail sales, including online retail sales by non-residents. Under the decree, the turnover tax was to expire 30 days after the end of the state of emergency in Hungary for COVID-19. However, a bill to make the tax permanent was introduced shortly after the decree and has now been approved as Law XLV of 2020, which entered into for…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.