Hungary – Changes to late payment penalties

The Hungarian Tax Authority introduced a new system for imposing penalties for late payment of VAT. Starting from 2025, the late payment fee is calculated and charged on the taxpayer’s tax account each month instead of being charged on an annual basis. The minimum amount of penalty that Tax Authority charges is HUF 5,000.

Deadline dates:

• Late payment penalty for the period of 2024 had to be paid by 31st March 2025 (as per previous rules, payment would have been due by 15th November 2025),
• Late payment penalty for January 2025 to March 2025 had to be paid in April 2025,
• From April, late payment penalty must be paid by the 20th of the month following the month for which penalties have been issued.