Based on an amendment to Act CL of 2017 on the Rules of Taxation, the National Tax and Customs Administration (NTCA) will, from April 2025, determine late payment interest for taxpayers based on the tax shortfall in their tax account statements on a monthly basis on the 20th day following the month of occurrence.
As a transitional rule, the deadline for late payment interest demand for the calendar year 2024 has been changed to 31 March 2025, while for the period of January - March 2025 the deadline has been modified to 22 April 2025 (the first working day after Easter).
As before, if the annual cumulative amount of late payment interest amounts to less than five thousand Hungarian Forint, the demand for payment will not be issued. Once a taxpayer reaches this threshold during the calendar year, the NTCA will send a notification regarding the payment. However, the taxpayer will be responsible for monitoring the late payment interest for the rest of the year, as notifications will only be sent once per calendar year.
Failure to pay late payment interest by the deadline may also result in the taxpayer being removed from the database of companies with no public debts (also known as KOMA database) and the loss of reliable taxpayer status.
