The Hungarian tax authority has published guidance on the increase in the VAT exemption threshold for small businesses from HUF 12 million to HUF 18 million. The increase was provided by Government Decree No. 5/2025, which was published in the Official Gazette on 15 January 2025 and entered into force the following day. Taxpayers may opt for the VAT exemption in 2025 if the annual turnover from domestic supplies of goods and services did not exceed HUF 18 million in the 2024 calendar year and is not expected to exceed HUF 18 million in the 2025 calendar year. Considering that...