From January 2019 the VAT exemption threshold for individuals
will be increased to HUF 12 million from the current limit of HUF 8
million. During the summer 2018 the Hungarian Parliament had
already adopted the tax rules applicable in 2019, however, some
adjustments had to be made in autumn to fully comply with the EU
law.
As part of the above tax package, the increase of the threshold
of the VAT exemption for individuals is also included. The European
Committee supported the request to increase the limit for VAT
exemption for individuals from HUF 8 million. The Council Decision
had already been adopted earlier and now was ratified by Hungarian
Parliament.
This legislative amendment affects hundreds of enterprises by
extending their possibilities to earn more revenue, since some of
them were trying to avoid the additional administrative burden by
not letting their revenue above HUF 8 million.
