Hungary has implemented the option provided in the Principal VAT Directive to introduce a scheme enabling the amount of input VAT recovered on the acquisition of certain capital assets to be adjusted over several years.
The scheme applies to assets acquired for use in the business. An asset that was acquired for but never used in the business and subsequently sold should not therefore be included in the scheme.
The taxable person may exercise the right of deduction in connection
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 15:57