If this E-Mail is not being displayed correctly, please click here.
 

www.pwc.ch/btn

 
   
 Plans to increase the VAT rate in Hungary to 27%
  
 
  
 Contact
 
 Markus Kramer
PwC Zurich
+41 58 792 43 85
 
 

  
 Upcoming event
 
 Save the date for our upcoming Event Series World Wide VAT

Further information and registration
 
 
 more 
 

  
 PwC Switzerland honoured at 2011 European Tax Awards
 
 
 
 


 
Dear Ladies and Gentlemen



According to the plans of the Hungarian Ministry of Economics, the standard VAT rate will be increased to 27% from 1 January 2012. The Minister of Economics announced on Friday that the standard VAT rate that has been historically among the highest within the EU should be raised further, when the Parliament accepts the 2012 budget proposal.

The new rate is clearly above the EU-wide accepted ceiling of 25%, but the Hungarian government states that EU legislation does not limit the standard VAT rate from above. The member states agreed only on a 15% minimum limit for the standard rate.

Beside the raise of the standard rate, the current reduced rates seem to remain in Hungary as they are. In the new austerity package, a further VAT relevant proposal concerns the introduction of domestic reverse charge for agricultural products.

When the wording of the proposals became known, we will inform you in more detail.
 
   
   
 
Recommend a newsletter | Change your user details | Cancel Newsletter subscription
© 2017 PricewaterhouseCoopers AG, Birchstrasse 160, 8050 Zurich, +41 58 792 44 00, swiss.newsletter@ch.pwc.com. All rights reserved. PricewaterhouseCoopers refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
Privacy Commitment | Legal disclaimer