Hungary's National Tax and Customs Authority has published updated guidance on the general rules for VAT returns and the frequency of accounting/filing. The main update concerns taxpayers subject to annual filing that are assigned a community VAT number by the tax authority during the tax year. In such cases, it is required that the taxpayer switch to quarterly filing even if the taxpayer has not exceeded the standard thresholds for annual filing, which are total VAT of HUF 250,000 and total supplies exceeding HUF 50 million. Note that monthly filing is required if net VAT is at least HUF 1...