VAT registration for foreign companies
In cases where a foreign company does not establish a Hungarian seat or premise, therefore it does not qualify as a resident under Hungarian law, it is possible to register for VAT instead of establishing a company or a branch. In this case, the foreign company receives a Hungarian VAT tax number, which will be the identification number to meet the VAT obligations.
In what cases is VAT registration required?
Typically, such cases may be the case of webshops that export products to the territory of Hungary for more than EUR 35,000 per year and therefore cannot apply their VAT own number rate used in their domestic country. It is also often the case when a conference organizer, for example, holds a current conference in Hungary. This situation also requires a Hungarian VAT registration. In addition to these cases, VAT registration in many cases is the best way to meet Hungarian tax obligations.
How to register your company for VAT purpose in Hungary?
Registering for VAT in the Hungarian tax system is not too complicated, but you will need the right and correct registration documents. To be able to submit the registration document package, you have to obtain a certificate of incorporation at your company’s domestic court. Beside this you have to provide a specimen signature and a copy of the manager’s passport or identification card. When we have all of these initial documents we have to prepare a registering application form, and along with the other documents we can submit them. In case your country can’t provide all necessary documents, don’t worry, you can ask a notary to prove the validity of the data published in the public registers. In case you need more information about the VAT registration procedure you can visit our website dedicated to this service here.
What services do we provide relating the VAT registration?
- We give advice to our clients, and investigate whether VAT registration is sufficient to perform their business,
- We collect the documents of the Company from abroad, on the basis of which the Hungarian tax authority will set the VAT tax number,
- Announce the activity to the tax office,
- We lead the records required by the tax authorities and regulations,
- We prepare the monthly or quarterly VAT returns,
- We examine the necessity of additional tax declarations, such as environmental product fee declarations,
- We examine our partners’ invoicing if it fits the Hungarian regulations,
- Inform clients about the time, extent and method of payment,
- If you no longer need the Hungarian tax number, we will delete the tax number
Benefit from the personalized services of our office!
You can find more detailed information about the VAT registering at our website vat-registered.com
