Hungary
VAT Basics
Hungarian VAT Rates by goods and services.
The standard VAT rate is 27%. The standard VAT rate generally applies for all goods and services for which no exemption, 0% or one of the reduced VAT rates is foreseen.
The first reduced VAT rate is 18%. This reduced rate applies to certain food products, and entry to open-air music events.
In addition, there is a reduced VAT rate of 5%. This reduced rate applies, in general, to certain basic food products, pharmaceuticals, books, periodicals and newspapers, internet services, hotel accommodation, restaurants, or the sale of immovable property for the purpose of habitual residence under certain conditions, among others.
Supplies and services at 0% are the standard supplies, such as exports or intra-Community supplies.
Finally, some supplies are VAT exempt, such as health and social care, education, financial and insurance transactions and real estate exemptions.
For a precise confirmation of the VAT rate applicable to your product or service in Hungary, we recommend that you contact us.
