Hungary plans to lower VAT on accommodation from 18 to 5 percent starting next year

As part of the "Economy Protection Action Plan", the Hungarian Ministry of Finance recently announced plans to reduce the tax burden, trans...

29. June 2019.
As part of the “Action Plan to Protect the Economy,” the Hungarian Ministry of Finance recently announced plans to reduce the tax burden, Accordance reports. Among other things, the measures include reducing the VAT rate for tourist accommodation services from the current 18 percent to 5 percent. The changes are expected to come into effect in 2020. The 5 percent VAT rate will apply to hotel accommodati...
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29. June 2019.