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New obligation for UK-based companies to appoint a fiscal representative in Hungary

03 February 2021
Hungary

This new requirement derives out of the fact that since the end of the Brexit transition period on 31 December 2020, the UK is considered a third country from the VAT point of view of the European Union.   The fiscal representative will have to act on behalf of the company they represent, which includes representing it during VAT audits, preparing and filing the Hungarian VAT returns and assuming joint liability for the company’s obligations for VAT.