Hungary 2025 VAT Return & Payment Rules: Key Deadlines & Compliance

On February 3, 2025, the Hungarian National Tax and Customs Administration released a document detailing the 2025 tax return and payment requirements. The informative document includes key deadlines and legislative updates important for all taxable persons, whether individual, business, domestic, or foreign.

Key Information for Taxable Persons

Taxable persons whose annual aggregated tax is payable based on the data of their submitted returns is HUF 1 million must submit monthly VAT returns by the 20th of the month following the reporting period. Quaterly VAT returns are required by the 20th of the month following the reporting period for taxable persons whose aggregated tax is between HUF 250,000 and HUF 1 million.

Based on the data from their VAT returns, those whose annual aggregated tax payable is below HUF 250,000 may file their annual VAT returns for the previous year by February 25.

Taxable persons who choose the tax exemption, who exclusively engage in activities that do not entitle them to tax deductions, and those with a special legal status who exclusively engage in agricultural activities must file monthly VAT returns.

In addition to the VAT returns, taxable persons must file monthly or quaterly Summary Declarations electronically on the NAV form. Regardless of the VAT return frequency applicable to the taxable person, it must switch from a quarterly Summary Declaration to a monthly Summary Declaration if the total value of the supply of goods, the supply of goods corresponding to the purchase of goods, or the intra-EU purchase of goods for the relevant quarter, calculated excluding VAT, exceeds the equivalent of EUR 50,000.

Conclusion

Taxable persons, whether domestic or foreign, should familiarize themselves with the provisions in the informative document. These refer to some of the key VAT requirements they need to fulfill to remain compliant with Hungarian VAT rules and regulations. Failure to meet deadlines or filing incomplete or inaccurate data will result in penalties, interest, and possible tax audits.

Source: National Tax and Customs Administration - Tax return and payment information