Business travellers to Hungary are in for a treat in 2020 as Hungary announces the significant decrease of the VAT rate on accommodation for business purposes.
The Hungarian VAT authorities released their tax legislation updates for 2020 on the 6th of January 2020. The following VAT rate change will be a significant saving for those business travellers who travel frequently to Hungary.
Regarding the provision of accommodation for commercial purposes, the VAT rate will be reduced to 5 % from 18 %.
VAT IT is able to provide VAT refund services on accommodation costs in Hungary where businesses are registered in foreign countries that have reciprocity with Hungary. For any queries please reach out to us by leaving your details on our website.