Hungary: EU authorization to extend application of reverse charge mechanism to supplies during insolvency proceedings

Extension authorized until December 31, 2026

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February 14, 2025

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

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