ÁFAszám

ÁFASzám is the Hungarian term for Value Added Tax (VAT) identification number. It is a unique code assigned to businesses registered for VAT in Hungary. This number is crucial for businesses operating within Hungary and engaging in trade with other EU member states. The ÁFASzám consists of a country code (HU) followed by a series of digits.

Businesses are required to display their ÁFASzám on invoices, official documents, and their websites if they are VAT registered. This number serves to identify the business for tax purposes and to facilitate the correct application of VAT rules, particularly in cross-border transactions within the European Union. When a Hungarian business supplies goods or services to a business in another EU country, the ÁFASzám is used to determine the VAT treatment of the transaction, often leading to reverse-charge mechanisms where the recipient business accounts for the VAT.

Similarly, when a Hungarian business purchases goods or services from another EU member state, their ÁFASzám is used to ensure proper VAT reporting and compliance. The Hungarian Tax and Customs Administration (Nemzeti Adó- és Vámhivatal - NAV) is responsible for issuing and managing these numbers. Obtaining an ÁFASzám typically involves registering for VAT with the NAV.