BDO: Foreign VAT can only be reclaimed by the end of the month
In Hungary, September 30, 2022 is the deadline by which the VAT paid abroad in 2021 can be reclaimed – Dr. Brigitta Mucsi-Szabó and István Rácz, the tax managers of BDO Hungary, call attention.
![](https://trademagazin.cdn.webgarden.io/wp-content/uploads/2022/09/Ke%CC%81pernyo%CC%8Bfoto%CC%81-2022-09-13-16.23.56.png)
30th September is the deadline
All domestic enterprises that have received an invoice containing local VAT for a product or service in the countries of the European Union, or in Switzerland, Liechtenstein, Norway, Turkey or Serbia, can claim back the tax amount if the content of the invoice is related to the company’s economic activity. Typically, such a case can be, for example, a machine or production equipment purchased abroad, or even an invoice from a foreign legal representative.
It is important that the request for a refund can only be submitted by a company that has neither a permanent seat nor a place of business in the state of the invoice issuer, nor does it maintain a branch office there through which it obtained income in the given Member State. In addition, the companies in the above countries also have the opportunity to claim back if they paid invoices with Hungarian VAT added to them in Hungary.
Related news
The summer extra tax changes have been published
In the 74th issue of the Magyar Közlöny published on…
Read more >More and more people are using the eVAT system
The use of the eVAT system, with which it is…
Read more >BDO: Restructuring of struggling businesses is more effective
Viable businesses but struggling with payment difficulties have been able…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >