Foreign VAT can be claimed back for another week

The Hungarian companies still rarely claim back the VAT on invoices related to residence in other EU countries, rather they account gross costs – the international tax consulting and auditing Baker Tilly Hungária points out.

The Hungarian companies consider the refund process expensive and complicated ands are not aware of the fact that a taxable persons established within the territory of Hungary can turn to the Hungarian tax authority and can claimed back VAT with an electronically submitted application simply and without charge.