We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
Automated tax workflows with secure APIs.
Collaborate securely on your tax data
Share This Article
|
|
Hungarian Government Decree 109/2020 of 14 April 2020 entered into force on 1 May 2020 and provides for the (re)introduction of a retail turnover tax that applies for retail sales, including online retail sales by non-residents. The tax is meant to fund the economic action plan for COVID-19 and is levied at progressive rates based on the amount of annual net retail turnover in the previous year: up to HUF 500 million - 0% over HUF 500 million up to HUF 30 billion - 0.1% over HUF 30 billion up to HUF 100 billion - 0.4% over HUF 100 billion...