Hungarian VAT legislation largely follows Directive 2006/112/EC ('the Principal VAT Directive') and applies exemption to most of the same categories of goods and services regarding their general interest or particular nature (a list is provided in Appendix 21B).
Within the framework of tax exemptions, the Hungarian VAT Act, in line with the provisions of the Principal VAT Directive, contains special rules for the exemption of the supply in relation to intra-EU transactions, imported goods, transactions outside the EU, intermediation activity, international transport and international circulation of goods.
The listed categories and above-mentioned exempted supplies can be classified into two categories depending on whether they preclude the deduction of input VAT or not.
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