ÁFAfizetési

ÁFAfizetési, often abbreviated as ÁFA, refers to the Value Added Tax (VAT) payment system in Hungary. It is a consumption tax levied on most goods and services sold within Hungary and on certain imports into the country. The standard VAT rate in Hungary is 27%, but reduced rates of 18% and 5% apply to specific categories of products and services, such as certain food items, books, and pharmaceuticals. Businesses registered for VAT are generally required to charge ÁFA on their taxable sales and can reclaim ÁFA paid on their business purchases.

The ÁFA system operates on a credit-invoice mechanism. Businesses collect ÁFA from their customers (output tax) and pay ÁFA on their own expenses (input tax). The difference between the output tax collected and the input tax paid is remitted to the Hungarian tax authority, Nemzeti Adó- és Vámhivatal (NAV). If input tax exceeds output tax, the business may be eligible for a VAT refund.

All businesses engaged in economic activity that exceeds a certain threshold are generally required to register for ÁFA. Non-compliance with ÁFA regulations can result in penalties and fines. The ÁFA system aims to ensure fair taxation of consumption and is a significant source of revenue for the Hungarian state budget. Periodic filing of ÁFA returns is mandatory for all registered entities, with the frequency depending on the business's turnover and tax liability.