Confusion about the VAT payment date rules
It is not the payment deadline as contained in 58. § (1) of the VAT Act but the last day of the settlement or payment period that shall apply for accounting and tax advisory services after 30 June 2015 and for every taxpayer as of 1 January 2016. The main rule is that the time of fulfilment is the time of payment. There is an exception though: when the equivalent is due earlier than the last day of the settlement period, the date of issuing the invoice becomes the date of fulfilment. But if the equivalent is due later than the last day of the settlement period, the date of payment or at the latest the 30th day after the settlement period becomes the date of fulfilment. In those cases when fulfilment is continuous these changes are also introduced in two stages, but several old rules remain valid. For instance the settlement period can’t be longer than 12 months; if it does get longer, the last day of the 12th month is the date of fulfilment.
Related news
Related news
Drought, technological competition and collaboration: the domestic melon season has begun
The 2025 Hungarian melon season starts amidst serious challenges: the…
Read more >Tourism economy deteriorating, but better than the national economic average
In June 2025, 70% of tourism companies reported an increase…
Read more >Price increases, export declines, new consumer habits – this is how the poultry and egg market developed in the first half of 2025
Látványos változások jellemezték 2025 első félévét a hazai baromfi- és…
Read more >