ÁFAvisszaigénylés

ÁFAvisszaigénylés refers to the process of reclaiming Value Added Tax (VAT) paid on business expenses. In Hungary, this is a common practice for registered businesses that are eligible to deduct input VAT. The primary mechanism for ÁFAvisszaigénylés is through the VAT return, where businesses report their output VAT (VAT on sales) and input VAT (VAT on purchases). If the input VAT exceeds the output VAT, the business can claim a refund from the tax authorities, the Nemzeti Adó- és Vámhivatal (NAV).

Eligibility for ÁFAvisszaigénylés is determined by the nature of the business and the type of expenses. Generally, VAT paid on goods and services used for taxable business activities can be reclaimed. However, certain expenses, such as those related to passenger cars used for private purposes or entertainment, may have restrictions on VAT deductibility. Businesses must maintain accurate records and invoices to support their VAT reclaim claims.

The process involves submitting a detailed VAT return by a specific deadline, usually monthly or quarterly. If the NAV approves the claim, the VAT refund is typically processed within a set timeframe. Audits and checks by the tax authority are possible to verify the legitimacy of the claimed VAT. International VAT reclaim is also a possibility for businesses operating across EU member states, involving specific procedures and forms.