Hungary: EU authorization to extend application of reverse charge mechanism to supplies during insolvency proceedings
Extension authorized until December 31, 2026
Council Implementing Decision 2024/3209 dated December 23, 2024, authorizes Hungary to extend until December 31, 2026, application of the reverse charge mechanism under Value Added Tax (VAT) Directive (2006/112) to supplies of capital goods by a taxable person undergoing liquidation or other instances of legal insolvency, as well as supplies of other goods and services exceeding HUF 100,000 (approximately €250).
For more information, contact a KPMG tax professional in Hungary:
Zsolt Srankó | zsolt.sranko@kpmg.hu