Hungary: Planned VAT changes in 2025

Hungarian government issued a Bill that includes the following changes in the VAT Act:

• Increase in the VAT exemption threshold from HUF 12 million to HUF 18 million;
• Extension of the reverse charge mechanism to domestic natural gas trading between taxable parties;
• Simplification of the invoice requirements for travel agencies;
• Postponement of the real time reporting implementation date on receipts until 1st September 2026; and
• Clarification on termination of the tax exempt status as a result of legal succession.

Changes in the VAT Act have been released for public consultation until July 2025.