State Secretary Norbert Izer said Hungary has been granted a derogation from European Union rules for two tax measures until the end of 2024.
According to MTI, Izer said businesses will still be able to deduct half of VAT on rented cars, while buyers rather than suppliers will continue to pay VAT on purchases over HUF 100,000 (EUR 277) if the supplier is under liquidation or undergoing bankruptcy. “The government has successfully defended Hungarian interests in Brussels,” he added.
Photo credit: MTI