Foreign VAT refund

Similarly to other EU tax authorities the Hungarian Tax Authority, too, accepts foreign VAT refund documentations quarterly or on a yearly basis. For yearly refunds, the deadline is 30th June following the subject year. Refunds are transferred in HUF or in EUR to any target account opened in a bank seated in the EU. The domestic VAT rate is 25%, however the scope of services and purchases for which the input VAT can be reclaimed is limited – for example, the VAT on fuel to cars cannot be reclaimed.